Para 11.6 — MSO (A&E)
Original Rule Text
11.6 In respect of unclaimed Provident Fund Deposits for which detailed accounts are kept in the office of the Accountant General, it should be verified whether the details of deposits work up to the Ledger balances. In the case of other Deposits for which detailed accounts are maintained by the treasuries/departmental offices, it should be examined whether the balances in the Ledger agree with those in the Broadsheet.
1. For public Works Deposits, see paragraph 11.21. 2. In the case of deposits of Trust Interest Fund, balances on account of interest payable should also be agreed with the total of unpaid payment orders.
What This Means
For unclaimed Provident Fund deposits where the AG's office maintains detailed accounts, the individual deposit details must add up to the ledger balance. For other deposits where treasuries or departmental offices keep the detailed records, the AG must verify that the ledger balance matches the Broadsheet. Special rules apply to Public Works Deposits (see Para 11.21) and Trust Interest Fund deposits, where unpaid payment orders must also be reconciled.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Unclaimed PF deposits kept by AG must be verified detail-by-detail against the ledger
- 2For deposits maintained by treasuries/departments, the ledger must match the Broadsheet
- 3Public Works Deposits follow separate verification procedures under Para 11.21
- 4Trust Interest Fund balances must also be reconciled with unpaid payment orders
Practical Example
The AG's office maintains detailed records of unclaimed GPF deposits worth Rs 85 lakh across 200 accounts. During annual verification, the Section Officer adds up all 200 individual balances and finds the total is Rs 84.7 lakh against the ledger figure of Rs 85 lakh. The Rs 30,000 difference is investigated and traced to a posting error in one account.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Who is responsible for maintaining detailed accounts of unclaimed PF deposits?▼
What additional check applies to Trust Interest Fund deposits?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.