A Small Step Taken to Ensure Proper and Systematic Accounting Application Has Ensured Highest Revenue Earning in Tripura: A Critical Accounting Analysis of PIRSA System

Abstract

Proper accounting application is an important and significant key element for every financial transaction of any organization especially in the public sector organization of the country. A systematic accounting application can ensure proper fund management and transparency in financial transactions which not only provides positive impact on financial management but also decreases the propensity and possibility of leakages in the system. A sound accounting and record keeping process ensures accountability and provides the scope and opportunities to fulfil the objectives of finance. The PIRSA - an accounting system for non-Government and non-Treasury fund management of different departments and wings of the Government of Tripura is fulfilling all the objectives of the government along with maximum revenue earnings from the last eleven (11) years.