West Bengal Report-IPAI.pdf - Sarva Shiksha Abhiyan

711. As per the provision of MFM & P, the double entry method ofaccounting based on mercantile system shall be followed under SSA.The schools visited did not keep accounts under double entry system.Most of the schools did not maintain a cash book in proper form. Noneof the schools had an idea of an asset register. Not a single schoolprepared a Receipt and Payment Account for a particular year.2. One single bank accounts was opened in the name of individual VEC /WEC having more than one schools under its jurisdiction. As anindividual school did not have a separate bank account, it was difficultfor the school to transact transactions in respect of fund allotted to it aswell as keep accounts thereof.3. Funds released to schools for specific purposes were depleted due bankcharges deducted by Nationalised Banks. On test-check of 10 schools, it wasnoticed that Rs.15,056.00 had been deducted by bank on account of bankcharges.4. Stock registers for articles and TLM were not maintained in schools.5. The members of the VEC/ WEC did not have training / guidelines inrespect of school management and keeping books of accounts.6. Vouchers in support of expenditure incurred were kept by schools inloose form.7. The schools were to exhibit inter-alia grant received and expenditure incurredin a year in the display boards for the sake of transparency. None of 56 schoolsvisited displayed the financial position.