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State of Madhya Pradesh - Section

Section 32 in The M.P. Zila Panchayats (Accounts) Rules, 1999

32. Accounting of Grants.

- For all the grants received by the Panchayat a separate grantwise receipt account shall be maintained in the General Ledger. Similarly, separate account for the expenditures incurred out of each such grant shall be kept in the General Ledger under appropriate head.