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

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General Ledgers through the Day Books of Receipts and Payments and
the Journal.
Subsidiary Ledgers are maintained for advances, deposits. Individual
accounts are maintained in the Subsidiary Ledgers from the postings
in the General Ledgers.
3.A-7.1.1 Day Book of Receipts:
The amounts appearing under various accounts in the Day Book of
Receipts are copied from the Remittance File of Cash Department.
These postings are made in the Receipt Book in the Columnar style,
the columns allotted in such a way that the accounts required to be
credited from time to time are posted under one column. The monthly
totals of such accounts are posted in the General Ledger by single
monthly entries.
Remittance received for particular day are entered in Computer by
Cash Department and same is transferred via Server to Accounts
Department. The same is again processed in the Computer System of
Accounts Department in the Day Book of Receipt under the respective
Cash and Bank Account.
3.A-7.1.2 DAY BOOK OF PAYMENTS:
The procedure adopted at present in the matter of payments made is
much divergent from the one followed prior to the implementation of
the recommendations of M/s. Ghatalia & Cooper, the financial experts.
According to the old system, no payment to outside party was made
unless the entry of the payment voucher was made in the Day Book of
Disbursements. Under the new procedure the accounts are debited in
the General Ledger under appropriate Heads and a corresponding
credit is raised in any of the three control accounts concerned. After
this, the vouchers are sent to the Cash Department for making