Section 7 in The M.P. Housing Board Accounts Rules, 1991
7.
World Bank Project Accounts comprise the following :-(i)Accounts of Nodal agency;(ii)Accounts of Housing Board in its capacity as an Implementing Agency.7.1Accounts of Nodal Agency. - 7 1.1 Accounts of Nodal Agency shall be maintained in separate books of account. A separated bank account shall be maintained in respect of funds of Nodal Agency.7.1.2Expenditure on staff of the Housing Board deployed on work of the Nodal Agency shall be accounted for under a distinct minor head below the administration major head. Service charges recoverable by the Board from the Nodal Agency shall be set off against this expenditure and the resultant loss or gain transferred to Income and Expenditure Account.7.1.3At the end of each year separate final accounts shall be prepared for the funds of Nodal agency.7.2Accounts of Implementing Agency (World Bank Project). - 7.2.1 World Bank Projects shall be distinguished in the accounts of the Housing Board (Implementing Agency) through Project Code. Transactions relating to these projects shall be incorporated in the General Account and Subsidiary Accounts of the Housing Board. However, separate schedules containing data necessary for rendering the prescribed Returns to the World Bank shall accompany the Monthly Accounts of the Circles and Board.Section 8Factory Accounts
