Para 3.11.11 — MSO (Audit)
Original Rule Text
3.11.11 Besides, Personal Ledger Accounts may also be opened, after prior consultation with the Accountant General (A&E), in favour of specified Government Officers by transferring funds from the Consolidated Fund of the State for discharging the liabilities of the State Government in respect of execution of various projects, schemes, etc. The corpus of such Personal Ledger Accounts is recouped after incorporating the expenditure incurred every month and reflected in the monthly accounts in the Civil Accounts. Except where Personal Deposit Accounts are created by law or rules having the force of law for
discharging liabilities arising out of special enactments, other Personal Deposit Accounts shall be closed at the end of the financial year by minus debit of the balance to the relevant service heads in the Consolidated Fund of the State, the Account being opened again in the following year, if necessary, in the usual manner.
What This Means
Personal Ledger Accounts can also be opened in favour of specified government officers for executing projects and schemes, with funds transferred from the Consolidated Fund. These accounts are recouped monthly after expenditure is recorded in the Civil Accounts. Unless created by law for discharging special statutory liabilities, these accounts must be closed at the end of each financial year, with remaining balances debited back to the relevant service heads, and reopened in the new year if needed.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Personal Ledger Accounts can be opened for government officers executing projects/schemes
- 2Prior consultation with Accountant General (A&E) is required
- 3The account corpus is recouped monthly after expenditure is incorporated in Civil Accounts
- 4Non-statutory accounts must be closed at the end of each financial year
- 5Balances are returned to relevant service heads via minus debit at year-end
Practical Example
A District Collector is given a Personal Ledger Account funded from the Consolidated Fund to execute a rural road-building scheme. Each month, the expenditure incurred is reflected in the Civil Accounts and the account is recouped. At the end of March, the remaining balance is debited back to the road construction budget head, and a fresh account is opened in April if the scheme continues.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Must all Personal Ledger Accounts be closed at year-end?▼
What happens to the unused balance at year-end?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.