Notes and Study material for Exams
OVERVIEW AND FUNCTIONS The Office of the Accountant General (General & Social Sector Audit) Madhya Pradesh, Gwalior ,which is a part of the Indian Audit and Accounts Department, functions under the Comptroller and Auditor General of India and performs audit of Civil and Commercial Departments and PSUs of the State Government of Madhya Pradesh categorized … Read more
Basics Of WORKING CAPITAL Management: Working Capital Any firm, from time to time, employs its short term assets as well as short term financing sources to carry out its day to day business. It is this management of such assets as well as liabilities which is described as working capital management. OR Working … Read more
Meaning of Working Capital Every business needs funds for two purposes for its establishment and to carry out its day-to-day operations. Capital required for a business can be classified under two main categories viz. (i) Fixed capital (ii) Working capital. Long-term funds are required to create production facilities through purchase of fixed assets such … Read more
Public Account of India The Public Account of India is a consolidated fund of the Government of India that is used to account for all receipts and payments of the central government. The account is managed by the Controller General of Accounts (CGA), who is an independent officer appointed by the President of India. The … Read more