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

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Since all the ledgers, journals, vouchers, journal entry vouchers, etc.
are available for checking in the Accounts Department, the record are
required to be brought to Audit Department.
3.A-5 WORKING OF THE ACCOUNTS DEPARTMENT:
Before describing the audit checks applied, it is necessary to describe
the working of the Accounts Department to get an insight of its
procedure.
3.A-5.1 The accounts of Receipts and Expenditure of the Undertaking are
maintained in the manner and form prescribed under Section 460
MM(1) of the M.M.C. Act.
3.A-6 CLASSIFICATION OF ACCOUNTS:
Receipts and Expenditure of the Undertaking are accounted under the
following three categories:-
(a) Revenue Accounts;
(b) Capital Accounts; and
(c) Suspense Accounts.
a) Revenue Accounts deal with the income from Sale of Energy, Street
Lighting Energy and Contract, Sales Service, Traffic Passenger
Receipts, Advertisements, Rent from Buildings and Lands, Interest
from Investments and other Miscellaneous Receipts and Expenditure
on various Establishments, Operating Materials, Purchase of
Consumable Stores and Materials required for carrying out repairs and
maintenance, Rent, Rates and Taxes, Licence Fees, provision for
Gratuity and Amenities Fund, Passenger Tax, Depreciation, Additional
Depreciation, interest on Internal Fund and other General Expenses.