Authorities directions for reconciliation of receipts and expenditure strictly as per funds handbook – J&Ok Newest Information | sightseeing


* Directions issued to DDO, TO on crimson accounts
Mohinder Verma

JAMMU, September 22: The Authorities of the Union Territory of Jammu and Kashmir has issued instructions for reconciliation of figures of receipt and expenditure for the yr 2022-23 as per the J&Ok Finances Guide and Fastened Schedule and made it clear that The accounting errors, if any, might be attributable to the controlling officers. As well as, detailed directions have been issued to the Drawing and Disbursing Officers (DDOs) and Treasury Officers (TOs) in respect of crimson accounts.
As per the Finances Guide of the Union Territory of Jammu and Kashmir, every controlling officer shall reconcile receipts and expenditure as per the prescribed schedule – for the primary quarter (1st to fifteenth August), the second quarter (1st to fifteenth November) it occurs. , for the third quarter (1 to fifteen February) and fourth quarter (1 to fifteen June).
Nevertheless, the Finance Division has noticed that the Controlling Officers are usually not adhering to the prescribed closing dates, resulting in delay in closing the books of account by the Accountant Common, who has consulted with the Finance Division and the involved Controlling Officers infrequently. has raised this challenge.
The Finance Commissioner, Finance Division has now made it clear that the controlling officers who fail to reconcile their accounts for the yr 2022-23 might be deemed to have reconciled their accounts and the figures displayed of their books and might be handled as remaining. “Because of this, the management for accounting errors, if any, might be on the officers”, learn the round issued by the Finance Division.
The Monetary Commissioner, Finance Division has requested all of the Administrative Secretaries to ship the Controlling Officers beneath their administrative management to the Conciliation Groups within the Workplace of the Accountant Common (A&E) for the earliest decision of receipts and expenditure for the yr 2022-23. direct the deputation. as scheduled.
In the meantime, the Finance Division has issued detailed directions to the Drawing and Disbursing Officers (DDOs) and Treasury Officers (TOs) in respect of Purple accounts.
The instructions have been issued after Accountant Common (A&E) dropped at the discover of Finance Division that the checklist of awaited Purple DC accounts was growing as DDOs are usually not submitting the detailed contingency payments in opposition to the quantity drawn prematurely on the summary. . Contingency payments with due diligence at his workplace.
As per the standing directions, not at all will the Treasury Officer think about recent WDC payments for additional advance withdrawal with out acquiring a photocopy of the payments beneath which the Purple DC Accounts in opposition to the sooner advances have been submitted to the Accountant Common by the involved DDO. went. Nevertheless, the growing development of OBs beneath Purple DC accounts factors to the laxity proven by the treasury officers in implementing the directive, learn the round issued by the Monetary Commissioner, Finance Division.
With the intention to guarantee strict compliance of the directions within the matter at each the DDO and Treasury Officer ranges, the Finance Division has ordered that the DDOs won’t challenge any recent summary contingent payments except a certificates from the Accountant Common (A&E) is hooked up. shouldn’t be achieved. Invoice that the accounts of previous advance(s) have been supplied by a particular DDO to the Accountant Common (A&E), J&Ok.
Additional, treasury officers have been directed to not repeat any recent summary contingent payments for cost, except a certificates of manufacturing of detailed accounts of earlier advance withdrawals by that exact DDO is recorded on the invoice. . Accountant Common (A&E).
Official sources mentioned that every one the instructions of the Finance Division are geared toward bringing utmost transparency in monetary issues and making certain that the J&Ok Finances Guide is adopted in letter and spirit in any respect ranges. A number of reforms have already been applied by the Finance Division to attain this goal.

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