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Section 22: General Ledger.·. (I) The General Ledger shall be in Fonn FBA-6. It shall consist of the following pans

The Punjab Panchayat Samitis and Zila Parishads Finance, Budget and Accounts Rules, 2014State Rules of Punjab · 1994

( a) the accounts of Rural Development Schemes;

(b) the accounls ofthe-Panchayat Samiti or Zi la Parishad. as the case may be, out of its own resources;

(c) the accounls of centrally sponsored schemes;

(d) loan and advances;

(e) deposit work; and

(f) other departmenls schemes etc.:

Provided that heads of General ledger may be increased, decreased, replaced or amended in accordance wilh 1he requirement of the Central or Slate Governmcnl from time to rime.

(2) As soon as an amount is received and accounted for in the cash book, an entry to 1his effecl shall also be made in lhe relevant abstract in the General Ledger. All payments immediately after they are made and entered in the Cash Book should be entered in the abstract and also under the·particular scheme in this regis1er. At the c lose of lhe month, the last balances standing in each abstract should be wrinen on a separale sheet and totaled up and the PUNJAB GOVT. Ui\Z. (EXTRA), JANUARY 9, 2014 65 (PAUSA 19, 1935 SAKA) figures thus arriv¢d al tallied with the closing balance of the Cash Boo~.

(J) For the purpose of classifying the income and cltpcnditurc. a cla~sified abstract shall be mainrnined in Fonn FBA -7 in two volumes or pans. One for income and the other for expendi'ture. A separate folio shall be opened for each Head of Account, under which income or expenditure has been budgeted for, and the items appertaining to these Heads shall be taken from General Ledger as they occur and entered in the appropriate columns of the abstract.

At lhe end of the each rnonlh, the monthly and progressive totals shall be entered under each Head of lhe abstract.

23 . . Adjustment of ad vances, ove rpay m ents or refu nds o f ove r Sections 143and charges.-Wllcn it i> necessary to adjust the recovery of a 1>0nion ofan advance •93 payment which has been unused or of an overpayment or there fund of money "'rongly paid or any transaction of such description, the receipt or payment of the amount involved shall be entered in the Cash Book in red ink, the Head of Account to be entered in column 6 or column 13, as the case may be, being the original Head of Account of expenditure or income, as the case may be, preceded by the word "Deduct" and when the amount is carried to 1he classified abs1rac1, it shall be entered in red ink under lhe appropria1c Head of Account in column 2 on the income or expenditure side, as the case may be, and deducted from the daily total.

Where this provision sits

ActThe Punjab Panchayat Samitis and Zila Parishads Finance, Budget and Accounts Rules, 2014
Section22
Marginal noteGeneral Ledger.·. (I) The General Ledger shall be in Fonn FBA-6. It shall consist of the following pans
JurisdictionState of Punjab
StatusIn force as published by the source

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