Question

Annual statement of income and expenditure of a state or country is know as?

Answer 1

Answer:

Definition of 'Annual Financial Statement'

Definition: Article 112 of the Constitution requires the government to present to Parliament a statement of estimated receipts and expenditure in respect of every financial year, from April 1 to March 31. This statement is called the annual financial statement.

Answer 2

Answer:

Definition of 'Annual Financial Statement'

This statement is called the annual financial statement. Description: It is divided into three parts, Consolidated Fund, Contingency Fund and Public Account. For each of these funds, the government has to present a statement of receipts and expenditure