Section 22(3) in Punjab Panchayat Samitis and Zila Parishads Finance, Budget and Accounts Rules, 2014
(3)For the purpose of classifying the income and expenditure, a classified abstract shall be maintained in Form FBA-7 in two volumes Of parts. One for income and the other for expenditure. A separate folio shall be opened for each Head of Account. under which income or expenditure has been budgeted for, and the items appertaining to these Heads shall be taken from General l edger as they occur and entered in the appropriate columns of the abstract. At the end of the each month, the monthly and progressive totals shall be entered under each Head of the abstract.
