Para 4.3.14 — MSO (Audit)
Original Rule Text
4.3.14 When a realisation is credited in this schedule by debit to the detailed head “Cultivators” subordinate to the relevant functional major head, it should be seen that acceptance of the debit by the authority concerned accompanies the schedule docket. It should also be seen that all takavi works which were included in the previous month’s schedule but do not appear in Part I of the current month’s schedule have been detailed correctly in Part II of the schedule.
- Schedule of Debits/Credits to Miscellaneous Heads of Accounts
What This Means
When auditing the Schedule of Takavi Works (government loans for agricultural improvements), the auditor must verify that when a loan realization is credited by debiting the 'Cultivators' head under the relevant functional major head, the acceptance of that debit by the concerned authority accompanies the schedule docket. The auditor must also confirm that Part II of the schedule correctly lists all takavi works from the previous month's schedule that do not appear in the current month's Part I.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Loan realizations credited under 'Cultivators' head need acceptance of debit from the concerned authority
- 2Acceptance must accompany the schedule docket for verification
- 3Part II must correctly list all previous month's takavi works not in current Part I
- 4This ensures complete tracking of all takavi (agricultural loan) works
Practical Example
A PWD division records recovery of Rs 2 lakh from cultivators for a canal improvement takavi work, crediting the realization against the takavi loan head and debiting 'Cultivators' under the Irrigation major head. The Central Audit Party checks that the revenue authority's acceptance of this debit accompanies the schedule docket, confirming the cultivators actually made the payment. The auditor also verifies that three other ongoing takavi works from last month's schedule, which had no transactions this month, are correctly listed in Part II.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What are takavi works?▼
Why is acceptance of debit required?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.