Para 11.16 — MSO (A&E)
Original Rule Text
11.16 The balances under Public Works Remittances are reconciled with the ledger in the manner prescribed in paragraph 8.36.
# RESERVE BANK OF INDIA REMITTANCES
What This Means
Public Works Remittance balances are reconciled with the ledger using the procedure described in paragraph 8.36 of the MSO. This separate procedure exists because Public Works accounts have their own specialized accounting methods and forms.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Public Works Remittance balances are reconciled with the ledger per Para 8.36
- 2PW accounts follow a specialized accounting procedure
- 3This is separate from the general remittance reconciliation process
Practical Example
A Public Works division remits Rs. 2 crore to the treasury from its divisional account. The AG verifies this remittance balance by following the procedure in Para 8.36, which involves checking the divisional accountant's records, the treasury receipt schedules, and the broadsheet for PW remittances. The reconciled balance must match the ledger head for Public Works Remittances.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why do Public Works remittances have a separate reconciliation procedure?▼
What is covered under Public Works Remittances?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.