Section 53 in The M.P. Zila Panchayats (Accounts) Rules, 1999
53. Register of Loans and Advances.
(1)A separate register of advances and loans bearing interest, shall be kept in Form No. ZP-15. The account of advances/loan not bearing interest shall be kept in Form No. ZP-16.(2)The total amount of outstanding advances at any time must reconcile with consolidated account of the relevant loan/advance account in the General Ledger. Reconciliation of the General Ledger account with the advances register (s) should be done on monthly basis.
