Section 66 in The Punjab Town Improvement Trust Rules, 1939
66.
For the purpose of classifying the income and expenditure a classified abstract in form No. 33 shall be kept up in two volumes one for income and one for expenditure. A separate page shall be opened for each item of the budget; and the receipts and charge pertaining to those items for each day shall be taken, either as they occur or in the aggregate for the day from the general cash book or from the vouchers, and entered in the appropriate columns of the abstract. At the end of each month the totals and progressive totals shall be made under each of the heads of the abstract any transfer entries which may have been made in accordance with rule 67 or 68 being taken into account.Note. - The classification prescribed in this rule is for purpose of budget monthly and annual accounts, and must be strictly followed. But at the end of the budget items the Trust may open in the classified abstract such subsidiary heads of accounts as it considers necessary.Transfer entries and adjustments
