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State of Madhya Pradesh - Section

Section 61 in The M.P. Gram Panchayats (Accounts) Rules, 1999

61. Monthly statement of Receipts and Payments.

- At the end of each month a statement of receipts and payments shall be prepared in Form GP-15. The balances of till the accounts in the General Ledger and the closing cash and bank balance in the cash book should also be taken in the statement. Th ; statement prepared as per rules shall be placed before the Gram Panchayat alongwith a report about the income and expenditure of the Gram Panchayat for the month.