PAO Suspense / AG Suspense
«
Full form: Pay & Accounts Officer Suspense /
Accountant General Suspense
« Source: Chapter 4 of Accounts Code (Para No. 457 A)
«
It is one of the Suspense Heads operated in
Indian Railways in respect of its transactions with other Central Govt
Depts/State Govts.
« For the settlement of inter departmental and
inter governmental transactions (other than defense and postal) arising
in the books of Railway
Accounts Offices, PAO suspense/AG
suspense head is operated.
«
Pay and Accounts officers / Accountant Generals will
not settle transactions with railways through the Reserve Bank and vice-versa. All their dues
will be paid/received at weekly intervals on cash basis i. e., by cheques or
Government drafts.
«
Journal entries of PAO/AG
1) When a Claim is preferred
PAO/AG
Suspense Dr. xxxx
To
Service Head/Earning Head Cr xxxx
( Claim is preferred on Central Govt Dept or State Govt for
rendering services to them by Railways)
2) On receipt of Cheque/Demand Draft
Remittance
Into Bank A/c Dr xxxx
To
PAO/AG Suspense Cr xxxx
(On Receipt of Cheque/Demand Draft and cleared the PAO/AG
Suspense Head)
«
The balance under this head is
exhibited on the Liabilities Side of the
Balance Sheet of Indian
Railways.
Remittance Transactions @ Indian Railways
|
Transactions
Between
Railways &
other
Govt Depts
|
Outward
|
Inward
|
Remarks
|
|
Cash
|
PAO Suspense
|
PAO Suspense
|
All Depts in Central Govt
(except Postal & Defense)
|
|
Cash
|
AG Suspense
|
AG Suspense
|
State Governments
|
|
Adjustments through RBI
|
M - Remittance
|
Reserve Bank Suspense
|
Postal & Defense
|
«
For article on Reserve Bank Suspense - Click here
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