Para 10.3 — MSO

REMITTANCE TRANSACTIONS

10.3 It is an important part of the duties of the Accountant General (Accounts & Entitlement) to review and verify the balances under Debt and Deposit heads and the outstanding under Remittance heads as disclosed in the books of Accounts at the close of the year. The first step in the process of this verification is to see how far the final results of any detailed accounts kept of the transactions work up to and agree with the balances in the Ledger. The next step is to ascertain, where necessary, whether the person or persons by whom the balance is owed or to whom it is due admit its correctness, and in case of balances due to Government, how far they are really recoverable.