Para 11.15 — MSO (A&E)
Original Rule Text
11.15 The balances under the cash remittance heads are composed of credits unadjusted by debits, and debits unadjusted by credits. The details of these unadjusted items should be extracted from the Remittance Register (Form 26) and the extract should show the month to which each item belongs. The net balance of each class of remittances should agree with the balance of the corresponding Ledger head.
What This Means
Cash remittance balances consist of unmatched debits (remittances sent but not yet credited at the receiving end) and unmatched credits (receipts acknowledged but the corresponding sending debit not yet recorded). The AG must extract the details of all unadjusted items from the Remittance Register (Form 26), showing which month each item belongs to. The net balance of each remittance type must agree with the corresponding ledger head balance.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Balances are composed of unmatched debits and credits from the Remittance Register
- 2Unadjusted item details must be extracted showing the month of origin
- 3Net balance of each remittance class must agree with the ledger balance
- 4Form 26 is the source document for this verification
Practical Example
The AG extracts all unadjusted items from the Form 26 register at year-end. There are 15 debit entries (cash sent but not acknowledged) totaling Rs. 8 crore and 3 credit entries (received but sending debit not recorded) totaling Rs. 1 crore. The net Rs. 7 crore must match the ledger balance under the corresponding remittance head. The list also shows that two items have been outstanding since November, flagging them for urgent follow-up.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why must the month of each unadjusted item be shown?▼
What does it mean when the net balance does not match the ledger?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.