according to the website of the ministry of finance, in order to standardize the accounting work of rural collective economic organizations and strengthen the accounting of rural collective economic organizations, in accordance with the “accounting law of the people’s republic of china” and other relevant regulations, the ministry of finance has revised the “accounting system for village collective economic organizations” ( accounting [2004] no. 12) has been revised, and the revised “accounting system for rural collective economic organizations” is now issued.
”accounting system for rural collective economic organizations”
