Para 7.10 — MSO

7.10 The receipts and payments at treasuries on account of Local Fund having banking accounts with Government are reported by Treasury Officers in plus and minus memoranda (see Article 120 of the Account Code, Volume II). The entries in these memoranda should be checked by the Accountant, special attention being paid to balances as a precaution against any fund overdrawing its account; see paragraph 7.1. Overdrawals should always be brought to the notice of Government.