Para 8.45 — MSO (A&E)
Original Rule Text
8.45 The estimate cost of construction (column 5) should be determined in the manner indicated in Appendix 2 to Account Code of Accountants General and should, therefore agree with the figures shown in Part VI of AC. 33 of Accountant Code for Accountants General.
What This Means
The estimated cost of construction shown in column 5 of Form 18 must be calculated using the method described in Appendix 2 of the Account Code for Accountants General. The figures must match exactly with those shown in Part VI of Form AC 33 (Administrative Accounts). This ensures consistency between the financial results statement and the administrative accounts.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Estimated construction cost goes in column 5 of Form 18
- 2Must be determined per Appendix 2 of the Account Code for AGs
- 3Must agree with figures in Part VI of Form AC 33
- 4Ensures consistency between Form 18 and administrative accounts
Practical Example
While preparing Form 18 for the Hirakud Dam, the accountant calculates the estimated construction cost using the methodology in Appendix 2 and arrives at Rs. 250 crore. She then cross-checks this against Part VI of Form AC 33 for the same project. If the figures don't match, she investigates and reconciles the discrepancy before submitting the form.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why must the figures match between Form 18 and AC 33?▼
What does Appendix 2 of the Account Code prescribe?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.