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

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year, while making payment the said account is debited and Bank Account is
credited..
ii) Outstanding Creditors’ provision remain unexpanded during the year :
The unexpended outstanding creditors provision is
required to be reverted by debiting the said prior account
and crediting to Prior Period Adjustment A/c.
iii) Departmental Establishment Expenses (DEE) is accounted under Suspense A/c
under WIP (i.e. work in progress).
During the year DEE expenses are accounted in
Suspense A/c. At the end of financial year, the same is
required to be brought in the book of accounts by debiting
respective Establishment Account as well as capital activity,
Divisionwise & crediting to Suspense A/c.
(iv) Cash advances to the Department:
The various departments are taking the advances for contingency
expenses during the year. All said advances are required to be liquidated
by charging to appropriate expenses Account.
v) Deposit with the Bank
It is necessary to obtain Bank Certificate as of 31 st March and same is
reconciled with the balance of the ledger Accounts.
vi) Cost of Bus token & Passes:
The Bus token and Bus passes have been issued to the employees and
officers of the Undertaking respectively. The cost of such Bus token
and Bus Passes is presently calculated with appropriate formula. The same
is shown in Appendix IV. At present the cost of Bus token and Bus passes
are calculated at a rate of Rs. 249/- per employee per month. However it
has a contra effect and it is also shown as income of Bus division.