Government Decree No. 120 / 1961 Coll.
Government Regulation amending Government Regulation No. 30 / 1958 Coll., laying down principles for accounting records (Accounting Principles)
Valid
Effective from 10.11.1961
120
GOVERNMENT REGULATION
of 20 October 1961
amending Decree No. 30 / 1958 Coll., laying down the principles governing accounting (accounting principles)
The continuous improvement of national economic records is an important prerequisite for a versatile strengthening of the role of control. Increasing the efficiency of our economy requires further deepening the care of correctness and the alert of accounting records so that it can best serve to make the most economical use of existing resources, to reproduce them and to create other resources, to calculate the costs of 1 CZK production and to deepen the maturity. Accurate and correct accounting records must serve to protect socialist ownership and control more effectively than they have done. It is necessary to achieve that accounting records become every worker's own business, to give him an overview of what his income is generated from and how the organisation performs its tasks towards society. This will also create the preconditions for workers to make even better use of accounting data for their creative participation in the management of the national economy.
In order to further strengthen the function of accounting records, the requirements for checking accounting documents should be increased. Therefore, the Government of the Czechoslovak Socialist Republic orders pursuant to § 22 of Act No. 99 / 1961 Coll., on State Control, Statistics and Other Fields of National Economic Records:
Paragraph 11 (2) of Decree-Law No 30 / 1958 Coll., laying down the principles for accounting (accounting principles), is replaced by the following:
"(2) The correctness and admissibility of the underlying transactions recorded in the accounting documents shall be directly responsible under the relevant rules for the personnel who ordered or approved such operations; Such staff shall also be required, as part of their management activities, to monitor consistently and consistently the performance of the operations ordered.
(3) Workers who draw up or participate in the circulation and processing of accounting documents are required to check them before they are entered in the accounts in the light of the facts, in particular the admissibility of the underlying transactions.
(4) The head of organisation shall determine which personnel referred to in paragraph 3 and to what extent they shall examine the accounting documents.
(5) Where workers designated to check the veracity of the accounting documents are found to be inadmissible, they shall be required to inform the manager or his representative in writing.
(6) When examining the veracity of the accounting documents, workers shall have the right to request it and managers of the departments concerned shall be obliged to provide them with the necessary explanations and, where appropriate, expert opinions.
(7) The accounting officer shall examine the accounting documents before their entry in the accounts, also as regards the legitimacy of the persons who ordered, approved or carried out the operations and the completeness of the required formalities. ';
This Regulation shall enter into force on the day of its publication.
V. Dolansky v. r.
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Regulation Information
| Citation | Government Decree No. 120 / 1961 Coll., amending Government Decree No. 30 / 1958 Coll., laying down principles for accounting records (accounting principles) |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 10.11.1961 |
|---|---|
| Effective from | 10.11.1961 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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