1991-92 - Birbal Sahni Institute of Palaeobotany

1991-92Annexure /COMMENTS ON ACCOUNT OFBIRBAL SAlIN! INSTITUTE OF PALAEOBOTANY, LUCKNOWAS AT 31ST MARCH, 1992.1. Accounts have been maintained on each system except for adjustments ofunsettled advances.2. During the year one NELCO EP ABX SYSTEM has been installed ata cost of Rs.3,30,947.00. The old Uptron EPABX has been disposed offfor RS.20,000/- for which sanction of the competent authority was notavailable for our verification. The old Uptron EPABX System still continuesto appear under the head 'Office and Miscellaneous Equipments',though the same does not physically exist; to that extent the fixed assctsare overstated.3. Balance of various projects and seminars have not been incorporated inthe Balance Sheet and Income and Expenditure Account.4. Cement though totally consumed, on repairs and maintenance of thebuilding, continues to appear at Rs. 5,830/- undcr the 'Head BuildingMaterial' in the Balance Sheet, to that extent the 'repairs andmaintenance' is understated the' building material' is overstated.5. Unsettled advances RS.25,86,556.73 and payment to C.P. W.O., LucknowRS.21,95,385.00 under 'Deposit Works' include payments made as old asin 1988·89, which remain unadjusted inspite of repeated reporting. Thiswas resulted in under stating capital/revenue expenditure and overstatingadvances/deposits.6.No proper has been maintained for library advances, therefore, it has notbeen possible to verify the adjustment of unsettled Library advances.7. Completion certificates for various works transferred to work and build·ing, wherever required, still remain to be obtained.For KISHORE& KISHOREChartered AccountantsPlace : LucknowDated: 03.07.1992(R. K. MATHUR)Partner133