Accounting Law of the People's Republic of China; Negotiable Instruments Law of the People's Republic of China: Negotiable Instruments Law of the People's Republic of China

Author: China Democratic and Legal Publishing House
Publisher:
Publish Date: 1999-11-01
Features: The "Accounting Law of the People's Republic of China" is intended to regulate accounting practices, ensure the authenticity and completeness of accounting information, strengthen economic and financial management, improve economic efficiency, and maintain the order of the socialist market economy. The "Negotiable Instruments Law of the People's Republic of China" is designed to regulate negotiable instruments practices, protect the legitimate rights and interests of parties involved in negotiable instruments transactions, maintain social and economic order, and promote the development of the socialist market economy. This book includes the specific articles of both laws.
Article 7: The Ministry of Finance of the State Council is responsible for national accounting work. The financial departments of people's governments at or above the county level manage accounting work within their respective administrative regions.
Article 8: The state implements unified accounting systems. The unified accounting systems are formulated and published by the Ministry of Finance of the State Council in accordance with this Law. Relevant departments of the State Council may, in accordance with this Law and the unified accounting systems, formulate specific measures or supplementary regulations for industries with special requirements in accounting and accounting supervision, and submit them to the Ministry of Finance of the State Council for review and approval. The General Logistics Department of the Chinese People's Liberation Army may, in accordance with this Law and the unified accounting systems, formulate specific measures for the implementation of the unified accounting systems in the armed forces, and submit them to the Ministry of Finance of the State Council for filing.