Answer By law4u team
Constitution Of India Article 150: {1}Form of Accounts of the Union and of the States
The accounts of the Union and of the States shall be kept in such form as the President may, {2}[on the advice] of the Comptroller and Auditor-General of India, prescribe.]
NOTE
1. Subs. by the Constitution (Forty-second Amendment) Act, 1976, s. 27, for art.150 (w.e.f. 1-4-1977).
2. Subs. by the Constitution (Forty-fourth Amendment) Act, 1978, s. 22, for after consultation with (w.e.f. 20-6-1979).
Brief Detail
Article 150 mandates that the accounts of the Union and State governments must be maintained in a specific form, which is determined by the President of India, based on the advice of the Comptroller and Auditor-General of India.
Question & Answers
What does Article 150 say about the form of accounts of the Union and States?
Article 150 specifies that the form in which the accounts of the Union and States are maintained will be prescribed by the President, based on the advice of the Comptroller and Auditor-General of India.
Who advises the President on the form of accounts of the Union and States?
The Comptroller and Auditor-General of India advises the President on the form of accounts of the Union and States, as per Article 150.
Example
For example, the President might ask the Comptroller and Auditor-General to suggest an updated format for government financial statements to ensure greater transparency and ease of auditing. This recommendation will guide how the Union and State governments maintain their financial records.
Summary
Article 150 ensures that the accounts of the Union and States are maintained in a standardized and prescribed manner to promote financial transparency and accountability, with the advice of the Comptroller and Auditor-General of India playing a key role in determining the format.
