Rule 60 — GAR

60. All losses or deficiencies of this type shall be recorded under relevant separate heads in the accounts. NOTE 1:- The acceptance of counterfeit coin or notes shall be regarded as a loss of cash. N* 95 2.:- Any recovery made in the course of the year in which the losses are brought to account shall be shown by deduction from the head under which the loss is recorded. Any recovery made after the accounts of the year are closed shall be as an item of receipts. Classification of Irregular or unusual payments: