It is felt that interpretation, application and implementation of Government policies and schemes along with effective mobilization of resources will result in achievement of common goals and objectives for an institute. It has however been observed that institutes/organizations receiving grants-in-aid from Government or otherwise are not presenting their accounts in any set standard and is not in keeping with the requirements of transparency and exposure of professional skill of their organizations. They do not give a lucid presentation of their accounts and large number of items of accounts of such institutes generally remain incomplete, unscrutinised and in arrears for several years. Thus a format prescribing standard norms of accounts for all Central autonomous institutions needs to be adopted and followed.