Section 11(1) in Rajasthan Schools (Regulation of Fee) Rules, 2017
(1)Every private school shall,-(a)maintain separate accounts for different kinds of transactions, such as, fees collected, grants received, financial assistance received, payments of salary to staff, purchase of machinery and equipment, laboratory apparatus and consumables, library books, stationery, computers, software and other expenditure incurred;(b)keep the registers, accounts and records within the premises of their school as they shall be made available at all reasonable time for inspection; and(c)preserve the accounts maintained, together with all vouchers relating to various items or receipts and expenditure, until the audit of accounts is over and objections, if any, raised are settled.
