Para 7.4 — MSO (A&E)
Original Rule Text
7.4 The deposit checker must be careful to see that the receipts, repayments and balances are correctly brought forward
in the plus and minus memorandum which are received from the Treasury in respect of each class of deposits vide Article 120 of the Account Code Volume II and specially that any lapsed items are correctly written off. He should also see that the closing balance for March agrees with that of the ProofSheet.
# EARNEST MONEY DEPOSITS
What This Means
The deposit checker in the AG office must carefully verify that receipts, repayments, and balances are correctly carried forward in the plus and minus memoranda received from the Treasury for each class of deposit. Special attention must be given to ensure that lapsed items are correctly written off. At year-end, the closing balance for March must agree with the Proof Sheet.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Verify correct carry-forward of receipts, repayments, and balances in plus and minus memoranda
- 2Check each class of deposits as per Account Code Volume II, Article 120
- 3Ensure lapsed items are correctly written off
- 4March closing balance must agree with the Proof Sheet
- 5This is the deposit checker's primary responsibility
Practical Example
The deposit checker receives the January plus and minus memorandum for Revenue Deposits from Patna Treasury. She first checks that the opening balance matches December's closing balance, then verifies that all receipt and repayment entries are correctly totaled, and confirms that three lapsed items totaling Rs 1,20,000 have been properly written off. At year-end in March, she ensures the final closing balance matches the Proof Sheet figure.
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 Proof Sheet?▼
What are plus and minus memoranda?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.