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

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3.A.10.4 Journal Entries are verified with supporting documents to ascertain
that correct debits and credits are indicated. The Journal Entries are
then compared with the posting in the Journals.
3.A-10.5 Test check of Receipt and Payment is carried out to ensure that entries
are made in the Days Book are reflected in General Ledger.
3.A.10.6 Test check of Trial Balance and Monthly Abstract is also done.
3.A-10.7 Checking of Annual Accounts involves the checking of the following
appendices as appearing in the statement of accounts.
E-1 General Financial Statistics.
E-2 Divisional Income Statement – Electric Supply.
E-3 Divisional Income Statement – Buses.
E-4 Appropriation Account.
E-5 Balance Sheet.
E-6 Fixed Capital Expenditure.
E-7 Schedule of General Investments.
E-8 Schedule of Sinking Fund Investments.
E-9 Movements in Internal Funds and Provisions.
E-10 Schedule of Public Loans.
E-11 Movements in Sinking fund.
E-12 Calculation of interest on the use of Internal Funds.
E-13 Abstract of Receipts and Expenditure.
3.A-10.8 Bank Commissions paid to banks on Collection of Interest on General
Investments and Provident Fund Investments are verified.
3.A-10.9 Securities (physical or Demat) received in the Cash Department in
respect of Provident Fund and General Investments are verified and
reconciled with the Ledger Balance of the Accounts Department at the
end of the year.