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

maintained for advances and deposits. The individual a/c are also maintained in
the subsidiary ledger wherein the receipts/payments are posted.
4.1. Daily Accounting
A) Receipts: All receipts in respect of electricity bills,
traffic earnings, Consumer advisory services and sales,
Advertisement receipts, interest on investment, streelighting
receipts, rent of land and buildings deposits from the
Contractors, consumers, tenderers/employee, connection fee,
service cable charges are booked in the Ledger through
Receipt day book. The entries in the ledger for daily
collection through the remittance file which is prepared by
the Cash Department indicate the credited A/c head in the
ledger reflected. The income received is required to be
credited as a Revenue income and debited to various banks
which are in operation.
The credit towards the sale of scrap materials and
Distribution of energy by meter including streetlighting
energy and repairs & maintenance work are received through
Journal Entries only. Incase of Traffic receipts the actual
deposited amount in the bank on day to day basis are
accounted by giving credit to Passenger Receipt Account.
The certain receipts are also required to be accounted under
the Suspense A/c initially in day to day transactions and
after receipt of advice/allocation against the said receipt
from concered departments, the said receipts are brought
into ledger.
Due to computerization and connectivity between
Accounts Dept. and Cash Department(H.O), it is possible to
download day to day receipts codewise as well as
divisionwise from server. Since computerization of Cash
dept.(North) is in process and after completing the same; it
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