Question
Consider the following about the office of Controller
General of Accounts (CGA)? I. It come under Department of Budgeting in the Ministry of Finance. II. It is the Principal Accounting Adviser to Government of India. III. It prepares monthly and annual analysis of various fiscal indicators for the Union Government. Which of the above statement is/are correct?Solution
The Controller General of Accounts (CGA), in the Department of Expenditure, Ministry of Finance, is the Principal Accounting Adviser to Government of India and is responsible for establishing and maintaining a technically sound Management Accounting System. The Office of CGA prepares monthly and annual analysis of expenditure, revenues, borrowings and various fiscal indicators for the Union Government.
“The Commission may call for reports, returns and statements from the Central Government or corporations established by any Central Act.”
Thi...
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