APFianancial code test : Important Definitions
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.
Quantity means, in connection with works, the extent of work done, supplies furnished, or services performed, as measured, weighed, or counted.
Rate means, in estimates of cost, contracts, contractor’s bills, and vouchers generally, the amount payable for each unit of work, supply, or other service.
Reappropriation means the transfer of savings in the appropriation for a unit of appropriation to meet excess anticipated under another unit.
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.
Running account means an account with a contractor on which payment for work or supplies is made to him at convenient intervals, subject to final settlement of the account on the completion or termination of his contract.
EOT 141:APFC TEST (ART 1-330)
Time left: 25:00
Results
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Response Sheet
Scheduled Areas means agency areas of the Visakhapatnam, Srikakulam, East Godavari and West Godavary districts — See Part C of the Fifth Schedule to the Constitution of India.State means the State of Andhra Pradesh.
Stores means all articles and materials including live-stock (other than cash and documents) which come into the possession of a Government servant for use in the public service.
Sub-head means, in connection with estimates and account of works, one of the sub-divisions according to items of work, e.g., excavation, brickwork, concrete, woodwork etc., into which the expenditure on a work or a sub-work, of a large work is divided in order to facilitate accounting and financial control.
Sub-work means distinct unit of a large work which comprises several buildings, smaller works or groups of smaller works. For example, the outer wall, the solitary cells, the cook-houses, the jailors’ quarters, etc., would form separate sub-works when a large central jail is built. The sub- works of a large irrigation canal may include the head works, the main line, each branch of a canal, each group of distributaries relating to each branch separately, the drainage and protective works, etc.
Technical Sanction means the order of a competent authority sanctioning a property detailed estimate of the cost of work of construction or repair to be carried out by the Public Works Department or the Electricity Department (of Administrative approval).
Treasury means any treasury of the State and includes a sub-treasury.
Treasury Officer means the officer in immediate executive charge of a Treasury.
Treasury Rule means one of the “Andhra Pradesh Treasury Rules”, framed by the Governor under Article 238(2) of the Constitution of India (See Part I of the Andhra Pradesh Treasury Code, Volume I)