General Expenditure paper - 2006 (WO) -5
marks
(Important short notes question for GRP & General
Expenditure paper)
v Para No. 1720 of Engineering Code
v All assets valued over and above Rs.20 lakhs should be entered in Assets
Register.
v Assets Register should be maintained in Form No.1720
of Engineering Code.
v The information will be posted from CRs - Completion
Reports.
v Types of Assets:
Track, Buildings, Rolling Stock, Machinery,
Bridges, S & T
equipments, Medical equipments etc.
v In the
case of buildings, the information will be docketed in the Building Register in
form No. 1977 of Engineering Code.
v
The
completion Reports (CRs) of the said works need not be preserved, once the
information is docketed in the Assets Register or Building Register.
v However for works which are costing less than Rs.20 lakhs, the sanctioned
CR - Completion Report and Completion Estimate should be preserved for a period
of five years.
v
When
the project is executed by the Construction organization, the Assets Register
will be handed over to Open Line organization (as part of handing over records)
for retention as a permanent record.
v Total value of Assets as on 31.03.2015 -
Rs. 4.31 lakh crores.
v
Form E.
1720
ASSETS
REGISTER
1. Name of
work
2. Date of
commencement
3. Date of
completion
4. Completion
report No. and date.
5. Authority
sanctioning the completion report.
6. Completion
cost.
Note-The
completion cost will indicate the break-up of cost sub-work/sub-estimatewise.
Total.
7. Investment
Schedule
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Year
|
Amount of investment
|
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|
Capital
|
DRF
|
DF
|
Revenue
|
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Total
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.................... .........................
Accounts officer Divisional Engineer
Imp Note: So far, Balance Sheet shows Assets at their
original cost in Balance Sheet ( Instead of Depreciated value). As part of Mission beyond Book Keeping,
Railways has taken up a project on Accounting Reforms duly restructure the Asset
Register as per norms of Commercial Accounts (duly deducting the depreciation
from the original value of Assets) is on the way in order to arrive opening
balances.
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