Muhammad Parvez

INRODUCTION

1. BRIEF HISTORY

The authorities Accounts Offices have their history back in the British regime when the Indo Pak subcontinent was a British colony. The British governing schematic the Accounting system in combined India with it temper General in Dalcutta and treasuries in different cities. On the emancipation of Pakistan, the office of the Comptroller General and Auditor General of Pakistan was completed in Goldberg-III Lahore. Sub Office of the Comptroller were also established in the former West Pakistan (now Pakistan) and former East Pakistan (now Bangladesh). At the time of fall of East Pakistan, there were comptrollers in the quartette Provinces Pakistan ie Sindh, Punjab,Khyber Pakhtonkhwa and Baluchistan and also Azad Kashmir. Up to 1969 the comptroller of the Provinces were assisted by Treasury Offices in almost all Districts and Agencies who used to come across advance payment on account of governing departments intake subject to verification and post audit by the Comptroller. During 1969 and in front the Government introduced District Accounts Offices Schemes which replaced the treasuries in the District. These Office started preparation of Government expenditure and receipt account on district solid ground which were then to be incorporated in overall idyl Accounts prepared by the Accountant General.



Simultaneously the Government upgraded the posts of Comptrollers and renamed the ships officer as Accountant General with District Offices (DAOs) under their control and directions. The arrangement is still in vogue.






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2. THE GOVERNMENT FINANCIAL SYSTEM

The Government of Pakistan has among others the following sources of Finances out of which the Govt: runs its business and satisfies its requirements to discharge its obligations.


i. tax income Revenue
ii. Non-Tax Revenue
iii. Loans raised (a) Domestic and (b) Foreign.
iv. Recovery of loans granted in the early(prenominal) by Government.
v. Grants
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