Section 19(5) in The Rajasthan Municipalities Accounts Rules, 1963
(5)At the end of the year the accounts shall be carefully balanced and closed, progressive total shall be cast and carried over from page to page and the grand totals struck by a person other than the poster, and to prove the accounts the following closing entries shall also be made :-(i)Demand as per assessment list at the beginning of the year.(ii)Arrears.(iii)Increase or decrease made during the year.(iv)Total demand for the year.(v)Collections.(vi)Remissions.(vii)Balance outstanding at the end of the year.
