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:
AOB stands for Accounts Office Balance sheet
Prepared in TAO
TAO stands for Traffic Accounts Office
Form No. A 2923
Separately for Coaching traffic and Goods traffic
Purpose: To watch the realization of credit notes or voucher facilities extended to Governments or Private parties in lieu of cash/cheque.
Accounts head operated are - AG Suspense and M Remittance
Closing Balance: Unrealized carriage bills and the value of vouchers are yet to be billed
RMC stands for Railway Material Consignment
AOB - Similar to Bills Receivable Account in Commercial Accounts
Closing Balance: Always Debit Balance
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