IJARSAI INTERNATIONAL JOURNAL OF ADVANCED RESEARCH SCIENTIFIC ANALYSIS & INFERENCES
UPID No: 1225P1CE
Best Accounting Practices in Public Sector Transport
Article Title: Best Accounting Practices in Public Sector Transport
Author(s): Beegum Naziya K. Research Scholar, Kerala University, Email: beegum1991@gmail.com
Dr. Sreeja Devi V.M. Assistant Professor, MSM College, Kayamkulam, Alappuzha, Email: sreejadevi@msmcollege.in
Discipline: Commerce
Paper Information: Received: 08 Sept 2024 | Revised Submission: 03 Dec 2024 | Accepted: 20 Dec 2024 | Available Online: 10Mar 2025
DOI:
Abstract: The transportation business is crucial in connecting people, commodities and services across regions, and it is a driving force behind economic activity and globalization. This industry includes various types of transportation, each providing a distinct purpose. The Kerala State Road Transport Corporation (KSRTC) is a major player in India’s transportation business. KSRTC is a state-owned public transportation business in Kerala. This study identifies the best accounting methods in transportation business, with a particular emphasis on the example of the Kerala State Road Transport Corporation. Timely and accurate financial reporting is critical for determining the economic health of transportation companies. By adopting efficient cost management, technology-driven solutions, companies can chart a course toward financial excellence, bolstering their competitive edge and long-term success in the ever-evolving world of transportation. The future benefits of implementing sound accounting practices in KSRTC extend beyond financial management to encompass strategic decision-making, transparency, sustainability, and operational efficiency. By adhering to these practices, KSRTC can position itself for long-term success and contribute to the transportation needs of the people of Kerala.
Keywords: Accounting practices, financial excellence, Transportation industry
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