The form of
accounting used by the
Government of Bangladesh is based on the cash basis of accounting; that is, recording
the transaction at the time when cash is paid or received. Cash basis of
Accounting is a traditional basis of govt accounting. There are completely two different sets of published accounts in Bangladesh- the (1) Annual Finance Accounts and the (11) Annual Appropriation Accounts.
(I) Annual Finance Accounts:
The Finance Accounts reflect total annual receipt and expenditure of the
government together with relevant financial statements. The cash balance of the government is also shown in this statement. Preparation of the Annual Finance Accounts is vested with the C&AG according to Article 4 of the Comptroller and Auditor General (Additional Functions) Act, 1974.
(II) Appropriation Accounts:
The appropriation is a comparative statement showing detailed head-wise/code-wise final budgetary allocation and actual expenditure of different ministries and their subordinate offices with explanations of variances (if any) According to Article 128 of the Constitution and Rule 4 of the Comptroller and Auditor General (Additional functions) Act 1974, preparation of the Appropriation Accounts by the concerned Accounts Offices, it is audited by the Directorates of Civil Audit and PT&T according to concerned portions and then certified by the C&AG with necessary comments.
The accounting system for the departments, which run the Departmentalized concept such as Railway, Defense, Postal, T&T, Works, Forest etc, is a bit different from concept such as Railway, Defense, Postal, T&T, Works, Forest etc. is a bit different from the general government accounting system. However, except Railway all other departments do not have separate bank account. The Railway has separate bank account with the Bangladesh Bank and that shows separate through a head called ''Remittance""- an adjusting head in the government account and deposit it their income through using this