Para 12.61 — MSO

12.61 The instructions in sub-paragraph

(i) of paragraph 12.44 apply mutatis mutandis to the annual closing of accounts under the Hand Posting Method. The interest figure in each individual account, including interest paid during the year on closed accounts, should be posted in the Broadsheet relating to that particular ledger account and the total of the unit Broadsheet carried to the consolidated Broadsheet. Immediately after the accounts for March Final are closed, the balance at credit of each subscriber on 31st March including interest for the year should be worked out in the ledger as well as in the unit Broadsheet and the totals of the latter compared and agreed with the figures in the consolidated Broadsheet where closing balance of each unit Broadsheet should be calculated similarly. Necessary modification in the figures of balances upto March Final Accounts should be made in the unit and consolidated Broadsheets after the closure of the March Supplementary Accounts. After both the unit and consolidated Broadsheets have been squared, the closing balance as per consolidated Broadsheet should be verified with the figures in the Book Department. The individual closing balances in the district Broadsheets should also be verified with those in the ledger before they are carried over to next year's Broadsheet as opening balances. The census of ledger folios under hand posting system may also be conducted at the time carrying forward the individual closing balances in the district Broadsheet to the new year's Broadsheet as opening balances.