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Rule 170
School Income and Expenditure Accounts

(1) All types of schools should keep the school's income and expenditure accounts in the format as per schedule-23.
(2) The task of keeping the necessary documents including accounting of the income and expenditure of the school, including the payment of bills, will be done by the authority authorized to spend the school's funds.
(3) According to sub-rule (2), the principal shall be responsible for certifying and keeping the documents.
(4) When keeping the account of income and expenditure according to sub-rule (1), the detailed description of the purchase and sale of goods and the school's cash, assets, liabilities, etc. should be clearly opened so as to know the actual status of the school's operations.
(5) The principal shall be responsible for keeping the cash, property, and property of the school safe so as not to cause any kind of embezzlement, damage, or negligence, and to keep the same.
(6) The principal must send the school's income and expenditure report to the district education office on a monthly or quarterly basis within the period specified by the district education office.