Central government financial year
This query is : Resolved
15 December 2013
Why government financial year is march to February
15 December 2013
Dear Nirmala,
Is it so?? Chapter 3 of the GOVERNMENT ACCOUNTING RULES, 1990 states
"The annual accounts of the Central, State and Union Territory Governments shall record transactions which take place during a financial year running from 1st April to 31st March."
Is it so?? Chapter 3 of the GOVERNMENT ACCOUNTING RULES, 1990 states
"The annual accounts of the Central, State and Union Territory Governments shall record transactions which take place during a financial year running from 1st April to 31st March."
16 December 2013
It is from April to March as per Government Accounting Rules ,1990
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