Para 5.6.3 — CAM

CMP-01 : Instrument wise details. CMP-02 : Compilation sheet. 5.6.3. The error relating to an item of revenue or expenditure head wrongly classified, may be corrected by proposing a transfer entry at any time before the accounts of the year are closed. However, if the accounts have been closed, such corrections are not admissible and it will be sufficient to make a suitable note of error against the original entry. However, if the error affects the receipt and disbursement of another Government or the transaction of any commercial Department, it should be corrected/adjusted in every case as soon as it is discovered. Corrections or transfers in Capital Major Heads that do not affect the accounts of other governments should be effected by simply altering the progressive figures on 'proforma' basis, for the purposes of Statement No.12 of Finance Accounts. That is, debit and credit entries will not be passed in the accounts of the year, to avoid unnecessary inflation of the expenditure in the accounts of the year in which the misclassification etc. was detected.