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State of Madhya Pradesh - Section

Section 31st in The M.P. Janpad Panchayats (Accounts) Rules, 1999

31st. March .............................

Previous years Figure Expenditure Amount Previous years Figure Income Amount
(1) (2) (3) (4) (5) (6)
  To Salaries & Allowances     By Property Tax  
  To     By ................  
  To     By ................  
  To outstanding expenses (specify each expenditure)     By grant-in-aid (utilised)  
  To excess of income over expenditure transferred to BalanceSheet     By outstanding income (Specifyeach income)By Deficit of income over expenditure transferred to BalanceSheet  
Accountant Chief Executive Officer President AuditorNotes. - (i) All the administrative, functional, and other expenditures accounted for in the ledger under their respective accounting/budget heads shall be shown in the expenditure side. Similarly all the income under various accounting heads shall be shown in the Income side.
(ii)Capital Expenditures such as cost of dead stock, vehicles, equipments, furniture and fixtures, buildings constructed or acquired etc. shall also be shown in the expenditure side under appropriate head included and shown under specific grants account.
(iii)The total expenses incurred during the year out of a particular grant will be shown in the expenses side, however only that portion of the grant which was actually utilised during the year shall be shown as income and the balance amount, calculated as under, being the unspent grant be transferred to the balance sheet.
Opening balance of grant as on 1st April(The unspent balance of previous years grant)ADD : Grant received during the year,Total Grant available during the year.LESS : Unspent balance as on 31st March (to be transferred to Balance Sheet). Grant utilised during the year to be shown in Income side.
(iv)The following items of receipts and payments shall not be included in the Income & Expenditure Account:-