Para 11.7 — MSO
Original Rule Text
DEPOSITS OF LOCAL FUNDS
11.7 The balance of personal deposits must be verified by addition of the separate balances shown in the returns for March and it must be seen that they are in, each case, supported by a certificate from the Administrator of the personal ledger account stating that the balance claimed by him is of a named amount. He will also furnish details of his outstanding cheques in order to explain the differences between his balance and that admitted by the Treasury Officer in his plus and minus memorandum.
It should be verified (1) that no personal ledger account was opened except with the sanction of competent authority, (2) that the accounts were properly operated upon and there was no debit balance in any of them, (3) that the correctness of the balances has been certified by the parties concerned, and (4) that the details of the personal ledger accounts work up to and agree with the balances in the ledger.