ACCOUNTING
1. Railways shift to Accrual accounting in Ajmer
A pilot project to convert to accrual (commercial) accounting from the current cash flow method has chugged off in its Ajmer division. Commercial accounting will present a clearer picture of railway books, which could lead to more investment from private sector and multilateral agencies.
A pilot project to convert to accrual (commercial) accounting from the current cash flow method has chugged off in its Ajmer division. Commercial accounting will present a clearer picture of railway books, which could lead to more investment from private sector and multilateral agencies.
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