Para 11.2 — MSO

REVIEW OF BALANCES which may be effected and acknowledgement of balances which may be received should be made to the Comptroller and Auditor General by the 15th of July of the second following year. The main report due on 15th December as well as the follow up report due on 15th July should show the outstanding balances of the last three years separately and those of the earlier years as a consolidated figure.

11.2 All the Accountants General should furnish to the Comptroller and Auditor General by the 15th December each year detailed statements relating to the State indicating against the head concerned the outstanding balances under the various Suspense and Remittance heads, the amount of un-reconciled differences between Broad-sheet and ledger balances and the number of the cases where acceptances of balances are awaited.

The statement should indicate the position as on 31st March of the previous financial year as it stood at the closing of the accounts for the month of August of the ensuing year. A follow report of any subsequent clearance/ reconciliation

NOTE:- As a rule, outstanding balances/discrepancies relating to the "Review of Balances" of one year should be settled before the review of the next year is submitted. If any discrepancies still remain unsettled they should be distinctly shown, and any delay in the adjustment of old items should be explained in full details in the half yearly reports.