Para 20.50 — MSO (A&E)
Original Rule Text
20.50 An abstract in Form 100 must be attached to each Objection Book. The previous year's balance posted in the first column on the opening of the book will be the preliminary balance in last year's abstract as detailed in the list prescribed in paragraph 20.52 Later on, this will be corrected in red ink into the March (Suppl.) balance as worked out in the last year's Objection Book and
- REVIEW OF OBJECTIONS
- LIST OF OUTSTANDING
Abstract of Objections. The other entries in the first column will be made at the closing of each month. The adjustments of each month should be distributed over the periods of objection from the information in the Adjustment Register and posted in the proper line at the time of closing the book for the month.
What This Means
An Abstract of Objections in Form 100 must accompany each Objection Book. The previous year's balance is posted first as the preliminary balance and later corrected to the March supplementary balance. Monthly entries are made at each closing, and adjustments are distributed by the period of objection using information from the Adjustment Register. This abstract provides a summary view of objection aging and helps management track how quickly objections are being resolved.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Abstract in Form 100 is attached to each Objection Book
- 2Opening balance starts as preliminary and is later corrected to March supplementary balance
- 3Monthly entries are made at the time of closing the Objection Book
- 4Adjustments are distributed across objection periods to show aging
- 5Adjustment Register provides the data for period-wise distribution
Practical Example
The Abstract for Jaipur District Treasury's Objection Book opens with a preliminary balance of Rs 12 lakh from March. After March supplementary accounts close, this is corrected in red ink to Rs 11.5 lakh. Each month, the AAO distributes the adjustments — for example, in June, Rs 80,000 of adjustments are split: Rs 50,000 against objections from 0-3 months ago and Rs 30,000 against objections from 3-6 months ago.
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 purpose of the Abstract of Objections?▼
Why is the opening balance corrected in red ink?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.