Para 11.2 — MSO (A&E)
Original Rule Text
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
- CHAPTER 11
- 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.
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.
What This Means
All Accountant Generals must submit detailed statements to the CAG by December 15 each year showing outstanding balances under Suspense and Remittance heads, unreconciled broadsheet-ledger differences, and pending balance acceptances. The statement covers the position as of March 31 of the previous year, as known by August closing. A follow-up report is due by July 15 of the next year. Both reports must show the last three years' outstanding balances separately and earlier years as a consolidated figure. As a rule, discrepancies from one year should be settled before the next year's review.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Annual statement due to CAG by December 15 covering March 31 balances (as at August closing)
- 2Follow-up report due by July 15 of the second following year
- 3Must show last three years' outstandings separately, earlier years consolidated
- 4Covers Suspense heads, Remittance heads, broadsheet-ledger differences, and pending acceptances
- 5Discrepancies should be settled before the next year's review
- 6Delays in adjusting old items must be explained in full detail
Practical Example
The AG of Tamil Nadu prepares the December 15 report for the CAG. It shows that as of March 31, 2025 (position known by August 2025 closing), Rs. 45 crore remains under various Suspense heads, Rs. 12 crore in Remittance head differences, and 15 cases where balance acceptances are still awaited. The last three years (2022-23, 2023-24, 2024-25) are shown separately, while all pre-2022 items totaling Rs. 8 crore are shown as one consolidated figure. The follow-up report in July 2026 will update any clearances made since.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why are two reports required (December and July)?▼
Why must the last three years be shown separately?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.