Para 9.7 — MSO (A&E)
Original Rule Text
9.7 The Abstract of Contractors' and Disbursers' Ledger (Form F.A. 8) should be checked so that It may be verified that all the transactions pertaining thereto have been correctly posted and that the opening and closing balances are correct. The closing balances should be reviewed to ensure that relevant rules and orders governing their clearance are observed. Outstanding balances which are not cleared within a reasonable period should form the subject of special enquiry.
Note.-The instructions in paragraph 4.4.6 of M.S. (Audit) apply mutatis mutandis to forest advances.
- ABSTRACT AND SUMMARIES
What This Means
The Abstract of Contractors' and Disbursers' Ledger (Form F.A.8) from Forest Divisions must be checked to verify that all transactions are correctly posted and that opening and closing balances are accurate. Outstanding balances must be reviewed to ensure they are being cleared according to rules. Any balance that remains outstanding for an unreasonably long period must be specially investigated, following the same principles as those for forest advances.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Form F.A.8 (Contractors' and Disbursers' Ledger Abstract) must be verified
- 2Check correct posting of all transactions and accuracy of opening/closing balances
- 3Review closing balances for compliance with clearance rules
- 4Long-outstanding balances require special enquiry
- 5Instructions for forest advances in MSO (Audit) Para 4.4.6 apply mutatis mutandis
Practical Example
The AG's Forest Section checks the F.A.8 ledger for Wayanad Forest Division and finds a contractor's advance of Rs. 1,50,000 outstanding for 8 months without any adjustment. Since this exceeds a reasonable clearance period, the Section initiates a special enquiry with the DFO asking why the advance has not been settled — whether the work is incomplete, the contractor has defaulted, or the paperwork is simply delayed.
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 Contractors' and Disbursers' Ledger?▼
What does 'mutatis mutandis' mean in the context of MSO (Audit) Para 4.4.6?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.