What is unsanctioned expenditure, Financial Management

Q. What is Unsanctioned Expenditure?

The expenditure, which is regularly incurred without the sanction of the competent authority or beyond the sanctioned limit of funds provided in the budget or the sanctioned estimates is known as unsanctioned expenditure. Such expenditure is kept by the Accounts office underobjection and noted in the objection book under the following heads -

a) Want of sanctioned estimates.

b) Excess over sanctioned estimates.

c) Want of sanctioned appropriation.

d) Excess over sanctioned appropriation.

e) Miscellaneous e.g. Provisional acceptance of allocation of estimates.

Posted Date: 6/25/2013 8:33:35 AM | Location : United States

Related Discussions:- What is unsanctioned expenditure, Assignment Help, Ask Question on What is unsanctioned expenditure, Get Answer, Expert's Help, What is unsanctioned expenditure Discussions

Write discussion on What is unsanctioned expenditure
Your posts are moderated
Related Questions
Explain Vernon’s product life-cycle theory of FDI. What are the strength and weakness of the theory? Answer:  As to the product life-cycle theory, companies undertake FDI at a ce

Cash flow statement: The cash flow statement summarises the flow of cash into and out of the business over a certain period of time. The cash flow statement measures the liq

Q. What do you mean by Sarbanes-Oxley? Sarbanes-Oxley (SOX) - Sarbanes-Oxley Act was signed into law on 30 July 2002 by President Bush. Act is designed to oversee the financial

It is a bond that does not give periodic interest payments. In spite of that, interest is added to the principal balance of the bond and is either paid at maturity or, at some poin

(a) The calculation of the Weighted Average Cost of Capital (WACC) is theoretically easy but practically complex. Discuss. (b) Two-fifths of the total market value of Jefferson

"The emphasis on the practice of good corporate governance has brought about more negative than positive implications to public-listed companies". Do you agree with the above st

The calculations for the cash flows Actual amount of cash paid or received during the period needs to be established. This can get quite  tricky  as  there  would be  accruals

Q. Working Capital Based on Operating Cycle? The concept of operating cycle, helps determining The time scale over which the current assets are maintained. The operating cycle

Differences in working capital for different industries   Manufacturing Retail Service Inventories H

The main aim of securitization that was initiated in the late sixties was to resolve problems of mismatch and protect the US mortgage financing system from macroe