Para 7.11 — MSO (A&E)
Original Rule Text
7.11 The memoranda should then be posted in Broadsheets, one for each min or head under 'Deposits of Local Funds' in Form 14.
The total figures for receipts and payments for the whole State as shown in the respective Broadsheets should then be agreed monthly with the Detail Book.
What This Means
After preparing plus and minus memoranda for local fund deposits, you must post them into Broadsheets (Form 14) — one for each minor head under 'Deposits of Local Funds.' At the end of each month, the total receipts and payments across the entire state shown in these Broadsheets must be reconciled with the Detail Book to ensure everything matches.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Memoranda are posted into Broadsheets in Form 14, one per minor head
- 2Broadsheets cover 'Deposits of Local Funds' for the whole state
- 3Monthly totals for receipts and payments must agree with the Detail Book
- 4This reconciliation ensures no discrepancies in local fund deposit accounting
Practical Example
An Accountant in the AG office receives plus and minus memoranda from 15 district treasuries for the month of October. She posts each memorandum into the appropriate Broadsheet by minor head and then totals them up. She then cross-checks the state-wide totals against the Detail Book and finds a Rs 12,000 discrepancy in one district, which she flags for investigation.
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 a Broadsheet in this context?▼
Why must the Broadsheet totals agree with the Detail Book?▼
How often is this reconciliation performed?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.