Para 3.4 — CAM

3.4 LIST OF PAYMENTS AND BANK RECONCILIATION 3.4.1 As per the procedure laid down for reporting and accounting of transactions, the dealing branch of the bank will send a copy of the daily scroll to the CDDO.

 The amount of loan held to be irrecoverable shall be adjusted by debit to the Guarantee Redemption Fund, through the same accounting procedure as prescribed for accounting of expenditure financed from reserve Funds. This is as per para 3.4 of the General Directions in the List of Major and Minor Heads of Accounts.

The grants from outside agencies that do not retain control over the expenditure met there from and the grants from other Government will, in the first instance, be taken to the relevant receipt head of account of the Government. Simultaneously, an amount equivalent to the grant received and credited to the receipt head will be transferred to the relevant head in the Reserve Fund/Deposit section of accounts by debit to the service major head concerned. In the case of Fund referred to in

(ii) of para 2.12.1 above, the amounts set aside by the Union/State Government from the CFI/State to provide reserves for expenditure to be incurred by themselves on particular purposes should likewise be taken to the Reserve Fund head opened for the purpose. In both cases, in order to bring the expenditure from the Fund into the Appropriation Accounts, the expenditure should be accounted for under the relevant service head of expenditure under which provision of Funds has been made and an equivalent amount will be credited to the service head concerned by transfer from the Reserve Fund/Deposit Head concerned and shown as a deduct entry there under. Provisions contained in para 3.4 of General Directions to the LMMHA may be referred for the accounting procedure relating to Reserve Funds.