Functions of the Accounts Department. - The Accounts Department of a Railway Administration is mainly responsible for:-
(a) Keeping the accounts of the railway in accordance with the prescribed rules:
(b) The check with reference to rules or orders (Known as “Internal Check”) of transactions affecting the receipts and expenditure of railway;
(c) Prompt settlement of proper claims against the railway;
(d) Tendering, as part of its important functions, advice to the administration whenever required or necessary in all matters involving railway finance;
(e) Compilation of budgets in consultation with other departments and monitoring the budgetary control procedures as may be laid down in the relevant orders and Code rules from time to time;
(f) Generally discharging other management accounting functions such as providing financial data for management reporting, assisting inventory management, participation in purchase/contracting decisions and surveys for major schemes in accordance with the relevant rules and orders; and
(g) Seeing that there are no financial irregularities in the transactions of the railway.