Section 21 in The Goa Panchayats (Accounts, Audit and Custody of Funds) Rules, 1997
21. Monthly and Annual Accounts.
(a)Every Panchayat shall, at the end of each month as well as at the end of the year, prepare an Account in Form No.10 showing the receipts and payments classified under the several Heads of Account contained in the Budget Estimates.(b)The totals of the details under each head of receipt and payment as given in account shall agree with the figure under the same heads in the General Ledger.(c)The details of the balance in the office and in the Bank shall be separately shown in the account and a certificate that the closing balance as shown in the accounts has been compared with that shown in the cash book and the Bank Pass Book, Certificate, and found to be correct shall be appended to the account. A memo explaining the differences, if any, shall also be attached to the certificate. Certificate showing the 'Monthly Closing Balance' in the Account shall be obtained and kept on record.(d)The accounts shall be checked by the auditors with reference to the Account Books.
