http://www.arthapedia.in/index.php?title=Cash_based_Accounting_System_Versus_Accrual_Accounting_System&feed=atom&action=historyCash based Accounting System Versus Accrual Accounting System - Revision history2024-03-28T17:08:45ZRevision history for this page on the arthapediaMediaWiki 1.17.0http://www.arthapedia.in/index.php?title=Cash_based_Accounting_System_Versus_Accrual_Accounting_System&diff=826&oldid=prevArthapedia at 11:51, 3 October 20112011-10-03T11:51:33Z<p></p>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*Email- [mailto:pabalaram@hotmail.com pabalaram@hotmail.com]</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*Email- [mailto:pabalaram@hotmail.com pabalaram@hotmail.com]</div></td></tr>
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<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>[[Category:concepts]]</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>[[Category:concepts<ins class="diffchange diffchange-inline">|CashbasedAccountingSystemVersusAccrualAccountingSystem</ins>]]</div></td></tr>
</table>Arthapediahttp://www.arthapedia.in/index.php?title=Cash_based_Accounting_System_Versus_Accrual_Accounting_System&diff=390&oldid=prevArthapedia: moved CASH BASED ACCOUNTING SYSTEM VERSUS ACCRUAL ACCOUNTING SYSTEM to Cash based Accounting System Versus Accrual Accounting System2011-08-24T14:47:32Z<p>moved <a href="/index.php/CASH_BASED_ACCOUNTING_SYSTEM_VERSUS_ACCRUAL_ACCOUNTING_SYSTEM" class="mw-redirect" title="CASH BASED ACCOUNTING SYSTEM VERSUS ACCRUAL ACCOUNTING SYSTEM">CASH BASED ACCOUNTING SYSTEM VERSUS ACCRUAL ACCOUNTING SYSTEM</a> to <a href="/index.php/Cash_based_Accounting_System_Versus_Accrual_Accounting_System" title="Cash based Accounting System Versus Accrual Accounting System">Cash based Accounting System Versus Accrual Accounting System</a></p>
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<td colspan='1' style="background-color: white; color:black;">Revision as of 14:47, 24 August 2011</td>
</tr></table>Arthapediahttp://www.arthapedia.in/index.php?title=Cash_based_Accounting_System_Versus_Accrual_Accounting_System&diff=337&oldid=prevPabalaram: Created page with "<p>The Indian Government accounts are prepared on a cash based accounting system. This system recognizes a transaction when cash is paid or received. However it does not give a..."2011-08-23T03:54:55Z<p>Created page with "<p>The Indian Government accounts are prepared on a cash based accounting system. This system recognizes a transaction when cash is paid or received. However it does not give a..."</p>
<p><b>New concept</b></p><div><p>The Indian Government accounts are prepared on a cash based accounting <br />
system. This system recognizes a transaction when cash is paid or received. <br />
However it does not give a realistic account of government's financial position <br />
because it lacks an adequate framework for accounting for assets and <br />
liabilities, and depicting consumption of resources. Moreover capital <br />
expenditure (expenditure on the creation of new assets) under the cash system is <br />
brought to account only in the year in which a purchase or disposal of an asset <br />
is made. This is not an effective way to track assets created out of public <br />
money. The present system does not reflect accrued liabilities arising from the <br />
gap between commitments and transactions of government on the one hand and <br />
payments made. The Twelfth Finance Commission recommended introduction of <br />
accrual accounting in Government. Government has accepted the recommendation in <br />
principle and asked Government Accounting Standards Advisory Board (GASAB) in <br />
the office of the Comptroller and Auditor General of India to draw a roadmap for <br />
transition from cash to accrual accounting system and to prepare an operational <br />
framework for its implementation. So far twenty one State Governments have <br />
agreed in principle to introduce accrual accounting.</p><br />
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==References==<br />
#http://www.gasab.gov.in/about.asp<br />
<br />
<br />
==Contributed by==<br />
*[http://www.ies.gov.in/myaccount-profile-view.php?memid=128 Dr. Anuradha Balaram, IES (1986)]<br />
*Email- [mailto:pabalaram@hotmail.com pabalaram@hotmail.com]<br />
<br />
[[Category:concepts]]</div>Pabalaram