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| Date | 2021-11-08 |
|---|---|
| Type | Commercial Circular |
| Topic | reservation |
| Currency | Currency not verified |
Station Balance sheet – All About Indian Railway Finance and Accounts
08/11/2021, 19:52 Station Balance sheet – All About Indian Railway Finance and Accounts https://allaboutiraccounts.wordpress.com/2018/08/04/station-balance-sheet/ 1/5 All About Indian Railway Finance and Accounts Read. Learn. Grow. Station Balance sheet allaboutiraccounts August 4, 2018 Uncategorized The Station Balance Sheets, which are prepared separately for Coaching and Goods transactions in the form prescribed for the purpose by each Railway Administration, are the ‘personal accounts’ of the Station Master. The term ‘Balance sheet’ is inappropriate as no assets and liabilities are reported here. As such, it is a ledger account of SM in the nature of a personal account. Normally, each station prepared at least one balance sheet where goods transactions are not existing. In major stations, separate balance sheets are prepared for PRS, UTS, Goods, Parcels etc., In case no truncations take place at a station , a ‘nil’ balance sheet to be sent to Traffic Accounts Branch. If Balance Sheet is not received from station , traffic accounts branch prepares an Approximate Station Balance Sheet from the available data and returns. Non receipt of balance sheets is to be taken up with DRMs/Sr.DCMs periodically as it affects correct accountal, compilation of earnings of Zonal Railway. In recent times, On Line submission of Station Balance Sheet program is taken up by certain Zonal Railways through CRIS and if the same is implemented completely all over IR would lead to faster compilation of accounts . This will provide faster information to GM/Railway Board for their decision making and planning ways and means position . Check of Coaching Balance Sheet in Traffic Accounts is an important function and the same to be carried out carefully and professionally and any delays, laxity in this area may lead to non-detection of irregularities like short remittance of earnings, non-remittance of earnings, non-submission of returns etc., which may lead to leakage of revenues besides suppressing of irregularities, like temporary misappropriation of earnings. The following table presents items of Coaching Balance sheet and internal check of each item in traffic accounts. 08/11/2021, 19:52 Station Balance sheet – All About Indian Railway Finance and Accounts https://allaboutiraccounts.wordpress.com/2018/08/04/station-balance-sheet/ 2/5 CHART SHOWING HOW GOODS BALANCE SHEETS ARE CHECKED WITH ACCOUNTS DOCUMENTS AND RETURNS DEBITS Items in Balance Sheet Returns or Accounts documents with which checked 1 Opening balance 1 Closing balance of Balance Sheet for the previous month. 2 Local Goods Money Coal outwards ’Paid’ 2 Local goods/money coal Paid statement 3 Through Goods/Money Coal outwards ’Paid’ 3 Through Goods/Money Coal Paid statement. 4 Stamped Indemnity Bonds 4 Schedule of stamped Indemnity Bonds 5 Siding charges 5 Statement of Siding charges 6 Crane charges 6 Statement of Crane charges 7 Demurrage and Wharfage, etc. charges. 7 Returns of Demurrage/Wharfage charges 8 Error Sheets and disallowances 8 Register of Error Sheets issued and list of errors. 9 Terminal Tax 9 Statement of Terminal Tax CREDITS 08/11/2021, 19:52 Station Balance sheet – All About Indian Railway Finance and Accounts https://allaboutiraccounts.wordpress.com/2018/08/04/station-balance-sheet/ 3/5 Items in Balance Sheet Returns or Accounts documents with which checked 1 Cash 1 Cash remittance notes (Com/C.9 revised) as consolidated in the cash register (A 2721) 2 Vouchers 2 Original vouchers as consolidated in the Vouchers Register (Paragraph 2728) 3 Special Credits 3 Special Credits. 3. a Overcharge 3.a Checked overcharge sheets 3.b Re-booking 3. b Machine statement of invoices bearing Code No.6 and statement of ‘Paid-on’ charges complied in the Accounts Office. 3. c Credit authorized by Accounts Office 3. c Credit Advice Notes (A. 2811). 3. d Refunds allowed at the time of delivery of goods. 3. d Check lists of Refunds 3.
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