Administration Manual - B.E.S.T. Undertaking.

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Similarly, amounts collected on behalf of Government Co.operative Societies,
approved associations of employees and deposits accepted from Consumers,
Contractors, Tenderers, Employees etc are also shown under Suspense Accounts as
under :
1. Payment of Electricity Duty to Government.
2. Payment of Sales Tax to Government
3. Amount of Tax Deducted at source.
4. Sundry Deposits from Consumers, Contractors and Tenderers.
5. Officers and Employees Saving Fund.
6. Construction deposit from Employees for allotment of staff
quarters.
7. Recoveries in respect of hire/purchase housing scheme.
8. Meter connection fees and service cables charges for amounts
received from time to time as charges for laying services, Installing
meters and connecting supply.
Balance, if any, at the close of the year, appear on the liabilities side of the
balance sheet under appropriate heads.
4. ACCOUNTING PROCEDURE
The Accounts Department is maintaining the following main Books of
Accounts:-
i) Receipt day book
ii) Payment day book
iii) Journal
iv) Ledger
v) Subsidy ledger
The primary records are maintained in the executing department where the
transactions of income & expenditure, deposits, advances and their adjustments
etc. originated. These transactions are brought into the Ledger through receipt
day book and payment day book and Journals. Subsidiary ledgers are mainly