Incomes which do not fulfil the criteria of accrual as mentioned in rule 19 above, shall be accounted as and when they are actually collected or received by the Municipality.
CHAPTER 5 GENERAL PROCEDURE FOR ACCOUNTING OF RECEIPTS
The Karnataka Municipalities Accounting and Budgeting Rules, 2006.State Rules of Karnataka · 1964
Incomes which do not fulfil the criteria of accrual as mentioned in rule 19 above, shall be accounted as and when they are actually collected or received by the Municipality.
CHAPTER 5 GENERAL PROCEDURE FOR ACCOUNTING OF RECEIPTS
| Act | The Karnataka Municipalities Accounting and Budgeting Rules, 2006. |
|---|---|
| Section | 20 |
| Marginal note | Income accounted on cash basis |
| Jurisdiction | State of Karnataka |
| Status | In force as published by the source |
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