Accrual-based fin statement for North Western Railway released

Accrual-based fin statement for North Western Railway released

In technical collaboration with apex body of chartered accountants’ ICAI, Indian Railways has released the “first ever” accrual-based financial statement for North Western Railway.

Indian Railways engaged ICAI ARF (Accounting Research Foundation) to conduct a pilot study to prepare the financial statements of North Western Zonal Railway on accrual basis as an additional set of accounts.

In a release today, the Institute of Chartered Accountants of India (ICAI) said the “first ever accrual based financial statement for North Western Railway” has been released. Read More…

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