The Telangana Municipalities Act, 2019State Act of Telangana · Act 11 of 2019
(1) The Commissioner shall prepare annual accounts by way of Double Entry Accrual Based Accounting System with such information and in such form and manner, as may be prescribed under the rules and submit the annual accounts for approval of the Municipal Council.
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(2) The annual accounts shall be forwarded to the Director of State Audit and the audit shall be completed within such time, as prescribed under the rules.