what is the relationship between final accounts and budgetary control ?
Final accounts show the results of company's activity of the year and its current financial position that is important for assessment of its ability to pay taxes. Under market economy conditions when inter-governmental relations become complicate the role of taxes enhances as the main source of revenue base budget and the importance of budgetary control increases. It is needed for the checking of tax returns and declarations accuracy, the performance of government orders made by the enterprises and financed from the budget, also for the checking of the expediency of providing enterprises of different ownership forms with subsidies, grants, loans and tax incentives. In case of giving false information to state bodies about tax payments company will be punished.