Section 6(1) in The Andhra Pradesh Municipalities (Preparation of Accounts) Rules, 2017
(1)Account code represents the nature of income, expenditure, liability and asset. The income, expenditure, liability and asset are identified in the numeric and are structured into major head, minor head and detailed head codes.(a)Income account heads are shown in Schedule II of the Rules(b)Expenditure account heads are shown in Schedule III of the Rules(c)Liability account heads are shown in Schedule IV of the Rules(d)Asset account heads are shown in Schedule V of the Rules
