AP FINCIAL CODE VOLUME
This is one of the Most important bare act books for AP departmental tests. Some of the Important Definitions of AP financial code are
The Indian Audit Department means the officers and establishment, being in India and subordinate to the Comptroller and Auditor-General of India, that are employed upon the keeping and audit of the accounts of the Central Government and of the State, or upon one or other of these duties. AP financial code
“Inspecting Officer” means a government servant who is appointed solely or mainly for performing specified duties of inspection that involve touring more than one revenue district and does not include a government servant who performs inspection duties occasionally as part of his general supervision of his subordinate. AP financial code
“Local body” means a Zilla Parishad, municipal council (including the Hyderabad and Secunderabad Corporations), panchayat, or a market committee constituted under the Madras Commercial Crops Markets Act, 1933. AP financial code
Local funds means The money is received and administered by a body which, though not part of the Government’s departmental organization, has been placed under the control of the Government by a law, or a rule having the force of law, whether in regard to its proceedings generally or to specific matters.AP financial code
EOT 141:APFC ARTICLE 51-100 TEST
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Major head means a main head of account for the purpose of recording and classifying receipts and disbursements of moneys that enter into the Government Account of the State.AP financial code
Market rate, Market value means, in respect of an article borne on the stock accounts, the cost per unit at which a stock of that article or a suitable substitute for it could be obtained at the time in question at the stores godown from the public market from which it could be obtained most advantageously. AP financial code
Miscellaneous expenditure means all expenditure other than that falling under pay and allowances, contingencies, and works.AP financial code
Public Account means the Account into which all moneys other than those mentioned in the Consolidated Fund Account and the Contingency Fund Account, received by or on behalf of the government, are credited and from which disbursements are made in accordance with the prescribed rules. AP financial code
Quantity means, in connection with works, the extent of work done, supplies furnished, or services performed, as measured, weighed, or counted.
Revenue of the state means and includes all money received by a government servant on behalf of the government; not only the proceeds of taxation and the yield of ordinary revenue but also capital receipts such as the proceeds of sales of land, the proceeds of borrowing operations, unfounded debt, and such receipts of a banking or deposit nature as, by virtue of any statutory provisions or of any general or special executive order of the government, have to be held in the custody of the government. AP financial code