Para 3.11.4 — MSO (Audit)
Original Rule Text
3.11.4 The monthly plus and minus memoranda, duly supported by the repayment vouchers, and the annual statements of lapsed deposits received from the treasuries, courts, etc. are checked in the office of the Accountant General (A&E) and posted in the relevant broadsheets. That office also carries out necessary adjustments for crediting the lapsed amounts to Government account.
What This Means
The monthly plus and minus memoranda, along with repayment vouchers and annual lapsed deposit statements received from treasuries and courts, are checked in the AG (A&E) office and posted in broadsheets. The A&E office also makes the necessary accounting adjustments to credit lapsed (unclaimed) deposit amounts to the government's account.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Monthly plus and minus memoranda are checked in the A&E Office
- 2Repayment vouchers support the memoranda
- 3Annual lapsed deposit statements come from treasuries and courts
- 4All transactions are posted in broadsheets
- 5A&E Office adjusts lapsed amounts to credit them to government account
Practical Example
At the end of the financial year, the district treasury sends its annual statement of lapsed deposits (unclaimed for over three years) to the AG (A&E) office. The A&E staff verifies the figures, posts them in the broadsheets, and passes a transfer entry to credit the lapsed amounts to government revenue under the appropriate head.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Who processes the lapsed deposit adjustments?▼
What are the source documents processed in the A&E office for deposits?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.