Para 11.9 — MSO (A&E)
Original Rule Text
11.9 The accuracy of the balances brought forward in the Objection Books relating to Suspense and those shown in the Boradsheets of balances relating thereto is to be tested in the manner laid down in paragraphs 20.49 and 20.52. The ledger balance should be certified to agree with the totals of the balances shown in those Broadsheets.
- PERMANENT ADVANCES
What This Means
Suspense account balances brought forward in the Objection Books and shown in the Broadsheets must be tested for accuracy using the procedures in paragraphs 20.49 and 20.52. The AG must certify that the ledger balance agrees with the totals shown in the Broadsheets. This verification ensures that temporary or unclassified transactions parked under Suspense are not forgotten or misstated.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Suspense balances in Objection Books must be tested per paras 20.49 and 20.52
- 2Broadsheet totals must match the ledger balance
- 3The AG must provide a certificate of agreement
- 4Ensures temporary/unclassified transactions are not lost or misstated
Practical Example
At year-end, the Suspense account in the AG's ledger shows Rs 5,60,000. The Section Officer verifies this against the Broadsheet of Suspense balances by following the procedure in para 20.49 and finds that the Broadsheet total is Rs 5,62,500. The Rs 2,500 discrepancy is traced to an entry in the Objection Book that was not posted to the Broadsheet. After correction, the AG certifies the agreement.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What is the Objection Book in this context?▼
Which paragraphs prescribe the verification procedure for suspense balances?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.