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

617 Dishonoured Cheques
626 Office Treasury
181/182 Outstanding Creditor Provision.
4.5 Funds (Statutory/Non-statutory)
151
There are 6 statutory funds and 11 non-statutory funds are in operations and at
the time of closing necessary JE is passed to arrive the correct balance of these funds.
The statement of various statutory as well as non-statutory funds with details such as
Name of fund, the Section under which fund is created, Source of fund, Application
of fund and Limit of the fund is shown in Appendix VII.
Whatever provision/contribution were made to the non-statutory funds i.e.
interest on internal funds, General Reserve Fund, depreciation fund,
Addl.Depreciation fund, Property Insurance Fund, Third Party Insurance Fund,
Electric Supply Contingency Reserve Fund, BEST Staff Benefit Fund, Fidelity
Insurance Fund and Obsolesce of Stores are required to be first charged to Revenue
A/c since it is a legitimate cost to the BEST Undertaking as approved under the
various BCR & CR No.(please refer Appendix VI).
5. Preparation of Statement of Accounts:
E-1 General Financial Statistics
E-2 Divisional Income & Expenditure Statement for the year ending
31 st March, every year – Electric Supply
E-3 Divisional Income & Expenditure Statement for the year ending
31 st March every year – Buses
E-4 Appropriation Account for the year ending 31 st March, every year
E-5 Balance Sheet as at 31 st March, every year
E-6 Fixed Capital Expenditure as at 31 st March, every year
E-7 Schedule of General Investments as at 31 st March, every year
E-8 Schedule of Sinking Fund Investments as at 31 st March, every year