Formats

Chapter – 4
Overview of PRI Accounts
Manual
4.1 Introduction: In terms of the Eleventh Finance Commission
recommendation the formats prescribed by C & AG in 2002 were further
simplified in 2007. A technical committee was formed. Technical
Committee on budget and Accounting considered the need for developing
simple and robust formats an account. A subcommittee was formed to
research further on the same goal. The mandate of technical committee
to the sub-committee inter alia include prescribing simple but robust
accounting system for PRIs.
4.2 Training manual for PRI on model accounting system using PRIASoft
comprehensively details the accounting principles, procedures, guideline
details of financial forms & formats.
4.3 Salient Features of simplified format of Accounts
� Facilitate better financial management of PRIs
� Cash system of accounting
� Captures 3 – tier head of account classification system
� Accounts have to be kept in two parts.
Part – I – Transactions of all receipts and expenditure
Section – I : Receipt Head (Revenue Account) 0028-1601
Expenditure Head (Revenue Account) 2049-3999
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