Closing Entries
(Para Nos.230AI to 232AI
At
the end of financial year the following transactions in the Indian Railways
have been closed to the respective heads.
|
SN
|
Transaction
|
Closed to
|
|
1
|
Revenue transactions (except
suspense heads i.e., MAR & DP)
|
Net Revenue
|
|
2
|
Capital transactions (except
suspense heads i.e., WMS & Stores Suspense)
|
Capital outlay
|
|
3
|
Debt (Example:
Provident Fund)
|
Balance
|
|
4
|
Remittances
(Example: Cheques& Bills)
|
|
|
5
|
Balance in Transfer
Railways (if any) in the Books of Railway Board
|
|
|
6
|
Revenue suspense
head MAR, Capital suspense heads WMS, Stores & MAC and Link Heads a)
Demands Payable b) Traffic c) Demands Recoverable d) Labour
|
|
|
7
|
Balance in Transfer
Railways in the books of Zonal Railways
|
Miscellaneous Government
Account
|
|
8
|
All heads (other than
Debt & Remittances)
Example: Deposit with
Reserve Bank of India
|
