For the purpose of classifying the income and expenditure a classified abstract in form 39 shall be kept up in two columns one for income and one for expenditure. The receipts and charges appertaining to each item of the budget for each day, shall be taken, either as they occur or in the aggregate for the day, from the general cash book (form 34) and from the vouchers in regard to payments and entered in the appropriate columns of abstract. At the end of each month the totals and progressive totals shall be made under each of the heads of abstract, any transfer entries which have been made in accordance with rule 82 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 Board may open in the classified abstract such subsidiary heads of accounts as would enable and facilitate the preparation of the annual statement and to prove other subsidiary accounts and registers.