Para 4.2 — MSO

4.2 Under the provisions of Section 10(1)

(a) of Comptroller & Auditor General of India’s (D.P.C.S.) Act, 1971, the Comptroller & Auditor General of India is responsible for compiling the accounts of each State from the initial and subsidiary accounts rendered by the treasuries, offices or departments responsible for keeping of such accounts to the Accountants General under his control. The accuracy of the accounts prepared by the Accountants General depends on the correct classification of transactions. Therefore, it is of utmost importance that the financial transactions are properly recorded in the accounts and that they are allocated to the proper heads of account.