Get the free Indian Railways Accounts Code (Vol-2) - indianrailways gov

GOVERNMENT OF INDIA MINISTRY OF RAILWAYS () (RAILWAY BOARD) INDIAN RAILWAY ACCOUNTS CODE II VOLUME II, 2023 (Revised Edition January 2023) 1, 2022

How to fill out indian railways accounts code

How to fill out indian railways accounts code

1. Understand the structure of Indian Railways accounts code which consists of 11 digits.
2. The first two digits represent the type of account, such as earnings, revenue, etc.
3. The next two digits indicate the department code.
4. The following four digits denote the object head code.
5. The last three digits signify the detailed head code.
6. Use the correct codes for filling out the respective fields in the Indian Railways accounts code.

Who needs indian railways accounts code?

1. Employees working in the finance and accounts department of Indian Railways need to use the Indian Railways accounts code for proper accounting and financial management.
2. Auditors reviewing the financial records of Indian Railways would also need to refer to the accounts code to ensure accuracy and compliance.

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What is Indian Railways accounts code?

The Indian Railways accounts code is a financial and accounting framework used by Indian Railways to standardize the processes of financial reporting, budgeting, and auditing across its operations.

Who is required to file Indian Railways accounts code?

All divisions and units of Indian Railways, including departments and subsidiary accounts, are required to file the Indian Railways accounts code as part of their financial reporting obligations.

How to fill out Indian Railways accounts code?

To fill out the Indian Railways accounts code, an entity must accurately input financial transactions, adhere to prescribed formats, use specific codes for different operations, and ensure compliance with regulatory guidelines.

What is the purpose of Indian Railways accounts code?

The purpose of the Indian Railways accounts code is to ensure proper financial management, enhance accountability, streamline financial operations, and facilitate audits within the Indian Railways system.

What information must be reported on Indian Railways accounts code?

Information that must be reported includes financial transactions, budgets, expenditures, revenues, assets, and liabilities, as well as compliance with financial regulations and accounting standards.