Indian Economy - Accounting and Financial Reporting
CMAT 2019 · General Knowledge · Medium · Economy
The responsibilities of establishing and maintaining a sound and efficient Accounting and Financial Reporting system in India is vested in the hands of:
- A.
Finance Ministry
- B.
NITI AYOG
- C.
The Comptroller General of Accounts
- D.
RBI
Answer
C
Explanation
The Comptroller General of Accounts (CGA) is responsible for establishing and maintaining a technically sound accounting system in the Government of India.
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