Railway Accounts Department Examinations

Wednesday, June 14, 2023

AOB - Accounts Office Balance sheet

 


Accounts Office Balance Sheet (AOB)  



Purpose:


To watch the realization of credit notes or voucher facilities extended to Governments or Private parties in lieu of cash/cheque. 


  • Prepared in the Traffic Accounts Office (TAO) 

 

  •  To account for the  Carriage Bills(prepared in connection with Credit Notes etc. tendered at stations in lieu of cash into an account and 

 

  • watching their realization from the parties concerned as well as for incorporation into accounts.   

 

  • The traffic cash received otherwise than through station Balance Sheets (Eg: workshop profits, advertisements fees, sale of coupons to the Tourist agents, etc.). 

 

  •  Misc bills related to railway material carried for departmental works. RMC - Railway Material Consignment. 

 

  • Similar to the Bills Receivable Account in Commercial Bookkeeping 

 

  • Form No. A 2923    

 

  • Separately for Coaching traffic and Goods traffic

 

  • Debits - Vouchers received in the TAO - Traffic Accounts Office  

 

  • Credits - Realisation of the above vouchers (Either by Cheques from State Govts / PAO or Adjustment (Defence and Postal) 

 

  • Accounting heads operated are AG suspense/M Remittance 

 

  • Closing Balance: Represents the unrealized carriage bills and the value of vouchers yet to be billed.  

 

  • Closing Balance: Always Debit




Key points for MCQ: 


  1. AOB stands for Accounts Office Balance sheet 

  2. Prepared in TAO 

  3. TAO stands for Traffic Accounts Office 

  4. Form No. A 2923 

  5. Separately for Coaching traffic and Goods traffic 

  6. Purpose: To watch the realization of credit notes or voucher facilities extended to Governments or Private parties in lieu of cash/cheque. 

  7. Accounts head operated are - AG Suspense and M Remittance 

  8. Closing Balance: Unrealized carriage bills and the value of vouchers are yet to be billed 

  9. RMC stands for Railway Material Consignment 

  10. AOB - Similar to Bills Receivable Account in Commercial Accounts 

  11. Closing Balance: Always Debit Balance



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