Muhammad Parvez

INRODUCTION 1. BRIEF HISTORY The authorities Accounts Offices have their history clog in the British regime when the Indo Pak subcontinent was a British colony. The British governing schematic the Accounting system in have India with it temper normal in Dalcutta and treasuries in different cities. On the emancipation of Pakistan, the office of the Comptroller customary and Auditor General of Pakistan was completed in Goldberg-III Lahore. Sub Office of the Comptroller were withal established in the former West Pakistan (now Pakistan) and former vitamin E Pakistan (now Bangladesh). At the time of fall of East Pakistan, there were comptrollers in the quartette Provinces Pakistan ie Sindh, Punjab,Khyber Pakhtonkhwa and Baluchistan and also Azad Kashmir. Up to 1969 the comptroller of the Provinces were assisted by Treasury Offices in almost all Districts and Agencies who employ to coiffe across advance payment on handbill statement of governing departments i ntake subject to verification and post audit by the Comptroller. During 1969 and in front the Government introduced District Accounts Offices Schemes which replaced the treasuries in the District. These Office started preparation of Government expenditure and receipt account on district solid ground which were then to be incorporated in overall idyl Accounts prepared by the controller General.

Simultaneously the Government upgraded the posts of Comptrollers and renamed the ships officer as Accountant General with District Offices (DAOs) under their control and directions. The arrangement is still in vogue. 1 2. THE GOVERNMENT FINAN! CIAL SYSTEM The Government of Pakistan has among others the chase sources of Finances out of which the Govt: runs its business and satisfies its requirements to discharge its obligations. i. tax income tax ii. Non-Tax Revenue iii. Loans raised (a) Domestic and (b) Foreign. iv. Recovery of loans granted in the early(prenominal) by Government. v. Grants vi. Sale...If you want to get a full essay, come out it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay