Administration Manual - B.E.S.T. Undertaking.

ACCOUNT DEPARTMENT
Index
Page Nos.
1. Brief History 3
124
2. Applicability of various Sections of MMC Act
To 6
for functioning of Accounts Dept.
4
3. Maintenance of Accounts 7
3.1. General 7
3.2. Classification of Accounts
10
Revenue Account
Capital Account
Suspense Account
8 To
4.Accounting procedure 11
4.1. Daily Accounting
13
A) Receipts
B) Payments
11 To
4.2. Monthly Accounting 13 To
18
Labour Cost Statement
Material Cost Statement
Allocation of salary, wages & Allowances
Ex-employees dues & Recovery Allocation
Contribution towards P.F.
Stores Purchases
Electric Supply Earning
Contract Bill
Allocation of Bills Receivable & Outward Bill Deposit
Rent of Staff/Officers Quarters and rent of let out premises
LTA & Encashment expenditure
Gratuity
4.3 Annual Accounting 18 To
25
i) Outstanding Creditors’ provision
ii) Outstanding Creditors provision remain unexpended during the year
iii) Departmental Establishment expenses (DEE) accounted
under Suspense A/c under (WIP) Work in Progress
iv) Cash advances to the Department
v) Deposit with the Bank
vi) Cost of Bus Token & Bus Passes