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| (A GOVERNMENT OF INDIA ENTERPRISE) |
(A GOVERNMENT OF INDIA ENTERPRISE)
Shareholders Fund [ 1]
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0010 |
Share Application Money |
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Application proceeds received at the time of inviting subscription, subsequent adjustment towards share capital and refund, if any, is to be booked under this head. |
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Entry generating centres - CA-HO. |
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0020 |
Share Allotment Money |
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Amount payable on allotment towards cost of share and premium of shares on allotment is to be booked under this head. |
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Entry generating centres - CA-HO. |
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0030 |
Paid up Share Capital |
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Amount of paid up value of shares is to be booked under this head. |
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Entry generating centres - CA-HO. |
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0040 |
Share Call Money |
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Amount payable on call by crediting "Paid up Share Capital (0030)" and adjustment in case of unpaid calls and forfeiture thereon is to be booked under this head. |
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Entry generating centres - CA-HO. |
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0050 |
Share Forfeiture Account |
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Consequent upon decision to forfeit shares, the account is to be credited by adjusting share capital, share allotment, calls, as the case may be, is to be booked under this head. |
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Entry generating centres - CA-HO. |
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0120 |
Capital Reserve |
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Booking of profit not out of normal business transaction, portion of profit on sale of assets over its in original cost is to be booked under this head. |
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Entry generating centres - CA-HO. |
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0130 |
Debenture Redemption Reserve |
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Amount appropriated from profit is to be transferred to this account for creating reserve for redemption of debentures on a future date. |
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Entry generating centres - CA-HO. |
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0140 |
Share Premium |
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Amount claimed at the time of issue of new shares over its face value is to be booked under this head. |
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Entry generating centres - CA-HO. |
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0210 |
General Reserves |
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Reserve created by appropriation of profit not intended for any specific purpose but for meeting any unforeseen contingency or for future expansion of the company shall be credited to this head. |
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Entry generating centres - CA-HO. |
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0220 |
Profit & Loss Account |
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Any surplus left over in the profit & loss account after transferring to the reserves shall be credited to this head. |
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Entry generating centres - CA-HO. |
Loan Fund [ 2]
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0230 |
Debentures |
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Proceeds on account of issue of debentures, its repayment, are to be booked under this head. |
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Entry generating centres - CA-HO. |
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0240 |
Interest Accrued and Due on Debenture |
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The portion of interest expenditure remains unpaid is to be transferred to this account head from "Sundry Creditors for Expenses (3850)". |
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Entry generating centres - CA-HO. |
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0250 |
Loans and Advances from Banks |
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Balance of loan both term loan and working capital loan secured by any charge on assets of the company, any further raising of such loan and its repayment. |
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Entry generating centres - CA-HO / Region / Branch. |
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0260 |
Interest Accrued and Due on Bank loans |
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The amount of interest unpaid is to be shown under this head by transferring from "Sundry Creditors for Expenses (3850)". |
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Entry generating centres - CA-HO / Region / Branch. |
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0270 |
Loans and Advances from Subsidiaries |
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Loan taken from subsidiary company to be shown under this head. Loan raised and its repayment also is to be accounted for. Based on the nature of securities it can be shown either under broad head "Secured Loan" otherwise "Unsecured Loan". |
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Entry generating centres - CA-HO. |
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0280 |
Interest Accrued and Due to Subsidiaries |
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The amount of unpaid interest is to be shown under this head by transferring from "Sundry Creditors for Expenses (3850)". |
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Entry generating centres - CA-HO. |
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0290 |
Other Loans |
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Any loan taken by the Company from other than banks, subsidiary company is to be shown under this head. All further withdrawal and all repayment are to be accounted for accordingly. |
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Entry generating centres - CA-HO. |
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0300 |
Interest Accrued and Due on Other Loans |
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The amount of unpaid interest is to be shown under this head by transferring from "Sundry Creditors for Expenses (3850)". |
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Entry generating centres - CA-HO. |
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0310 |
Loan against Fixed Deposit |
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Any loan taken from bank against pledging of Fixed Deposit in the form of term loan only is to be shown under this head. Secured overdraft limits in current account against pledging of FDR need not be shown under this head. |
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Entry generating centres - CA-HO / Region / Branch. |
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0320 |
Interest Accrued and due on loan against Fixed Deposit |
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The amount of unpaid interest is to be shown under this head by transferring the same from “Sundry Creditors for Expenses (3850)". |
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Entry generating centres - CA-HO / Region / Branch. |
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0330 |
Unsecured Loan from Banks |
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All loans, which are not secured by creating any charge on Company’s assets, are to be shown under this head. Separate heads are to be opened for each lender. |
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Entry generating centres - CA-HO. |
Fixed Assets [ 3]
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1100 |
Company Flats |
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All house/flat purchased by the Company is to be accounted for under this head at its original cost. In case of sale of house/flat, the account to be credited by its original cost for recording of sale transaction. |
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Entry generating centres - CA-HO. |
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1110 |
Office Building |
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The cost of building for office is to be shown under this head at its original cost. |
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Entry generating centres - CA-HO. |
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1160 |
Plant & Machinery |
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All purchase of plant and machinery both for Company's use, as well as, assets for leasing purpose are to be included under this head at its original cost. For sale of the asset, the account should be credited at its original cost. |
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Entry generating centres - CA-HO. |
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1170 |
Office Equipment |
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All purchases are to be accounted for on original cost basis. Office equipments include typewriter, telephone sets, xerox machine, fax machine, inverter, inverter battery, water purifier, portable generator sets, etc. |
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Entry generating centres - CA-HO. |
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1180 |
Air Conditioners & Water Coolers |
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Cost of acquisition should be accounted for under this head. In case of sale the account is to be credited with its original cost for adjustment. |
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Entry generating centres - CA-HO. |
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1190 |
EDP Equipments |
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All hardware equipments including desktop, printer, modem, etc. are to be booked with its original cost plus installation and other incidental expenses. |
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Entry generating centres - CA-HO. |
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1200 |
Motor Vehicles |
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The cost of acquisition including initial cost of registration, insurance, road tax and other incidental expenses in bringing the vehicle on road are to be debited. In case of sale the account is to be credited with its original cost. |
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Entry generating centres - CA-HO. |
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1210 |
Furnitures & Fixtures |
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All furnitures are to be accounted for at its original cost. Furniture includes table, chair, fan, filing cabinets, etc. |
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Entry generating centres - CA-HO. |
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1220 |
Partitions & Cubicles |
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All purchases are to be accounted for at its original cost. This account head is mainly for interior decoration items. |
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Entry generating centres - CA-HO. |
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1230 |
Capital Work-in-Progress |
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The cost of certain type of fixed assets which have been partially paid for but commission/acquisition of which is pending is to be debited to this account. On capitalisation at subsequent date, entry is to be reversed by debiting appropriate fixed asset. |
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Entry generating centres - CA-HO. |
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1250 |
Advance for Capital items |
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Any advance paid for acquisition of any asset is to be debited under this head, pending acquision. On acquisition, the entry is to be reversed by debiting appropriate account head. |
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Entry generating centres - CA-HO. |
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1300 |
Provision for Depreciation on Company Flats |
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Accumulated depreciation on company flats is to be accounted for under this head. |
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Entry generating centres - CA-HO. |
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1310 |
Provision for Depreciation on Office Building |
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Accumulated depreciation on office building is to be accounted for under this head. |
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Entry generating centres - CA-HO. |
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1360 |
Provision for Depreciation on Plant & Machinery |
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Accumulated depreciation on plant and machinery is to be accounted for under this head. |
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Entry generating centres - CA-HO. |
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1370 |
Provision for Depreciation on Office Equipments |
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Accumulated depreciation on office equipment is to be accounted for under this head. |
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Entry generating centres - CA-HO. |
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1380 |
Provision for Depreciation on Air Conditioners & Water Coolers |
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Accumulated depreciation on air conditioner & water coolers is to be accounted for under this head. |
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Entry generating centres - CA-HO. |
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1390 |
Provision for Depreciation on EDP Equipments |
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Accumulated depreciation on EDP equipments is to be accounted for under this head. |
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Entry generating centres - CA-HO. |
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1400 |
Provision for Depreciation on Motor Vehicles |
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Accumulated depreciation on motor vehicles is to be accounted for under this head. |
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Entry generating centres - CA-HO. |
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1410 |
Provision for Depreciation on Furnitures & Fixtures |
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Accumulated depreciation on furniture and fixtures is to be accounted for under this head. |
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Entry generating centres - CA-HO. |
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1420 |
Provision for Depreciation on Partitions & Cubicles |
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Accumulated depreciation on partitions and cubicles is to be accounted for under this head. |
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Entry generating centres - CA-HO. |
Investments [ 4]
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1520 |
Investment in Bond |
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The cost of acquisition is to be debited to this head. In case of quoted investment, market value as on last date of the financial year is to be disclosed. For such investment, institution-wise account has to be opened in general ledger. |
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Entry generating centres - CA-HO. |
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1600 |
Investment in Shares |
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Any investment in shares is to be shown under this account head at its cost of acquisition. In case of shares quoted in stock exchange, market value as on the last date of financial year is to be disclosed. |
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Entry generating centres - CA-HO. |
Current Assets, Loans & Advances [ 5]
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0251 |
Bank Balances in Current Account |
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Balance of current accounts in various banks is to be shown under this group. For every bank account a separate account is to be maintained in general ledger. This also includes current account having secured overdraft limit against FDR. |
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Entry generating centres - CA-HO / Region / Branch. |
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1710 |
Interest Accrued on Investments |
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Amount of interest accrued but not due on bonds is to be accounted for under this head. |
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Entry generating centres - CA-HO. |
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2000 |
Sundry Debtors (FT) |
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Booking of sale value of all imported materials on the basis of high seas, stockyard, ex-yard, ex-dock, ex-ship, ex-bond, conversion, consignment, etc. has to be made under this account head. |
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Entry generating centres - IMA-HO / Region / Branch. |
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2005 |
Sundry Debtors (DS) |
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This includes all debtors arising out of sale of domestic material purchased by MSTC either from Steel Plant or from any other source. |
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Entry generating centres - DMA-HO / Region / Branch. |
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2010 |
Sundry Debtors (DT) |
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This includes sundry debtors arising out service charges earned from Steel Plants, Defence and PSU. |
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Entry generating centres - DMA-HO / Region / Branch. |
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2055 |
Sundry Debtors (Advance Licence) |
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Debtors arising out of sale of advance licence are to be included under this account head. |
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Entry generating centres - IMA-HO / Region / Branch. |
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2400 |
Bank Balance Branches |
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This account is meant for incorporation of region and branch bank balances in the book of Head Office. |
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Entry generating centres - CA-HO. |
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2410 |
Short Term Deposit |
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All term deposits made with various banks are to be accounted for under this head. |
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Entry generating centres - CA-HO / Region / Branch. |
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2420 |
Short Term Deposit(ROs) |
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This account is to be operated by Head Office only for incorporation of region and branch balances. |
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Entry generating centres - CA-HO. |
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2500 |
SBI (LM) Unclaimed Dividend |
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All unpaid dividend amounts after expiry of statutory period needs to be transferred to this account. Unclaimed Dividends more than five years is to be transferred to designated Central Govt. A/c from this account. |
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Entry generating centres - CA-HO. |
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2520 |
Petty Cash |
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All transactions through petty cash are to be included in this account. |
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Entry generating centres - CA-HO / Region / Branch. |
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2530 |
Cash Balance Branches |
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Incorporation of cash balances of Region / Branch, at Head Office is to be done through this account. |
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Entry generating centres - CA-HO. |
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2565 |
Interest Accrued on Investment Deposit(IDBI) |
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Interest accrued on the investment deposit with IDBI is to be accounted for under this head. |
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Entry generating centres - CA-HO. |
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2580 |
Investment Deposit (IDBI) |
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Investment on deposit with IDBI is to be accounted for under this head. |
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Entry generating centres - CA-HO. |
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2590 |
Staff Gratuity Receivable |
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Gratuity paid to separation/superannuated employees is to be booked under this head pending realisation from Gratuity Trust. |
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Entry generating centres - CA-HO. |
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2600 |
Inter corporate Deposit |
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Short term deposits in the nature of advances made with subsidiary company is to be booked here. |
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Entry generating centres - CA-HO. |
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2630 |
Advance Income Tax |
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This includes income tax deposited with the department for corporate taxation. |
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Entry generating centres - CA-HO. |
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2640 |
I. Tax Deducted (Interest & Service Charge) |
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TDS certificates received from principles, banks and other financial institutions are to be debited in this head by crediting corresponding income head. |
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Entry generating centres - CA-HO / Region / Branch. |
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2700 |
Eastern Region Account |
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To record transaction made on behalf of Eastern Region Office and vice-versa. |
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Entry generating centres - CA-HO / IMA-HO / DMA-HO / Region / Branch. |
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2710 |
Vizag Branch Account |
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To record transaction made on behalf of Vizag Branch and vice-versa. |
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Entry generating centres - CA-HO / IMA-HO / DMA-HO / Region / Branch. |
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2720 |
Madras Branch Account |
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To record transaction made on behalf of Madras Branch and vice versa. |
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Entry generating centres - CA-HO / IMA-HO / DMA-HO / Region / Branch. |
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2730 |
Bangalore Branch Account |
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To record transaction made on behalf of Bangalore Branch and vice-versa. |
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Entry generating centres - CA-HO / IMA-HO / DMA-HO / Region / Branch. |
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2740 |
Bombay Branch Account |
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To record the transaction on behalf of Bombay Branch and vice-versa. |
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Entry generating centres - CA-HO / IMA-HO / DMA-HO / Region / Branch. |
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2750 |
Delhi Branch Account |
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To record transaction on behalf of Delhi Branch and vice-versa. |
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Entry generating centres - CA-HO / IMA-HO / DMA-HO / Region / Branch. |
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2760 |
Baroda Branch Account |
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To record the transaction on behalf of Baroda Branch and vice-versa. |
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Entry generating centres - CA-HO / IMA-HO / DMA-HO / Region / Branch. |
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2770 |
Head Office Account |
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To record the transaction made by Region/Branches on behalf of H.O. |
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Entry generating centres - Region / Branch. |
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2850 |
Dividend Receivable |
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Dividend receivable on investment in shares is to be accounted for under this head. |
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Entry generating centres - CA-HO. |
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2910 |
Advance to Parties for Suppliers/Services |
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All advances made for goods and services are to be debited in this account. On receipt of certified bill, advance amount is to be reversed and corresponding expenditure head is to be debited. |
|
|
|
|
|
Entry generating centres - CA-HO / IMA-HO / DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
2920 |
Advance Legal Charges |
|
|
|
|
Advance made to Solicitor, Advocate for filing of suit on behalf of MSTC are to be accounted for under this head. On receipt of certified bill, advance amount is to be reversed by debiting "Legal Expenses (8920)". |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
2930 |
Advance Office Rent |
|
|
|
|
Advance for payment of lease rent to the landlord for our office premises, which are adjustable in nature, are to be debited under this head. Subsequently the advance is to be reversed by debiting "Office Rent (8470)" as per agreement. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
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|
|
|
|
|
|
|
|
|
|
2990 |
Pre-paid Expenses |
|
|
|
|
Proportionate revenue expenditures for the unexpired period are to be booked under this account head. Periodical adjustment is to be made in this account by a corresponding debit to revenue items. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
3010 |
Bank Charges Recoverable |
|
|
|
|
Bank charges, which are not direct expenses, incurred on behalf of customers, pending realisation is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3040 |
Insurance Charges Recoverable |
|
|
|
|
Insurance charges, which are not direct expenses, incurred on behalf of the customers, pending realisation is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3050 |
Customs Duty / CVD Recoverable |
|
|
|
|
Amount advanced to customers for Customs Duty / CVD, not being the direct expenses, pending realisation is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3080 |
Interest Receivable on deposits |
|
|
|
|
The interest accrued but not due on short term deposits is to be accounted for under this head by crediting revenue. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3081 |
Interest Accrued – Others |
|
|
|
|
Interest accrued but not due on any advance made by MSTC to customers is to be accounted for by crediting revenue. L/C containing reimbursement of interest clause or interest paid under agreement must either back the advance. |
|
|
|
|
|
Entry generating centres - IMA-HO / DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3130 |
Advance to Customers |
|
|
|
|
Any expenditure / payment incurred / made on behalf of the customers other than Custom Duty / CVD payment or any money deposited on behalf of the customers is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / DMA-HO / Region / Branch. |
|
|
3170 |
Additional Tax |
|
|
|
|
Any additional / turnover tax paid by MSTC on behalf of its Principals who is not registered with Sales Tax authorities, is to be accounted for under this head pending realisation / adjustments. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3180 |
Recoverable Expenses |
|
|
|
|
Any payment other than bank charges made on behalf of customers, Principals other than Steel Plants is to be accounted for under this account head pending realisation / adjustment. |
|
|
|
|
|
Entry generating centres - IMA-HO / DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3181 |
Recoverable Expenses – DSP |
|
|
|
|
Any payment e.g., Advertisement, Hall hire Charges, etc. made on behalf of SAIL-DSP is to be accounted for under this account head pending realisation / adjustment. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
3182 |
Recoverable Expenses – ASP |
|
|
|
|
Any payment e.g., Advertisement, Hall Hire Charges, etc. made on behalf of SAIL-ASP is to be accounted for under this head pending realisation / adjustment. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
3183 |
Recoverable Expenses – RSP |
|
|
|
|
All expenses e.g., Advertisement, Hall Hiring Charges, etc. is to be paid on behalf of SAIL-RSP is to be accounted for pending realisation / adjustment under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
3184 |
Recoverable Expenses – BSL |
|
|
|
|
Any payment e.g., Advertisement, Hall Hiring Charges, etc. made on behalf of SAIL-BSL is to be accounted for pending realisation / adjustment. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
3185 |
Recoverable Expenses – IISCO |
|
|
|
|
Any payment e.g., Advertisement, Hall Hiring Charges, etc. made on behalf of SAIL-IISCO is to be accounted for under this head pending realisation / adjustment. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
3186 |
Recoverable Expenses – Staff |
|
|
|
|
Any amount, which is to be recovered from staff and its subsequent recovery, are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3190 |
Service Charges Due but Not Billed |
|
|
|
|
In respect of domestic marketing sale where service charge income is already accrued but raising of bills can not be done due to any reason as per agreement, in that case income is to be accounted for by debiting this account pending subsequent adjustment. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
3215 |
Deposit from Customers |
|
|
|
|
Any adhoc payment received from debtors against which company preferred litigation, is to be accounted for under this head pending completion of the litigation process. |
|
|
|
|
|
Entry generating centres - IMA-HO / DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3220 |
Deposit for Petrol |
|
|
|
|
Any amount advanced to petrol pump as earnest money deposit for regular supply of petrol for office car. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3230 |
Deposit for Postage |
|
|
|
|
Amount deposited as earnest money deposit with Postal Authorities for use of franking machines is to be kept under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
3250 |
Deposit Sales Tax (A.P.) |
|
|
|
|
Any adhoc deposits made with Sales Tax Authorities, Andhra Pradesh against their claim on previous years high-seas sales, which contested by the Company, is to be kept under this head pending completion of the proceedings. |
|
|
|
|
|
Entry generating centres - STC-HO. |
|
|
|
|
|
|
|
|
|
|
|
3260 |
Deposit Sales Tax (T.N.) |
|
|
|
|
Any adhoc deposits made with Sales Tax Authorities, Tamil Nadu against their claim on previous years High-Seas sales which contested by the Company is to be kept under this head pending completion of the proceedings. |
|
|
|
|
|
Entry generating centres - STC-HO. |
|
|
|
|
|
|
|
|
|
|
|
3270 |
Deposit Sales Tax (Maharastra) |
|
|
|
|
Any adhoc deposits made with Sales Tax Authorities, Maharashtra against their claim on previous years High-seas sales which contested by the Company is to be kept under this head pending completion of the proceedings. |
|
|
|
|
|
Entry generating centres - STC-HO. |
|
|
|
|
|
|
|
|
|
|
|
3280 |
Deposit Sales Tax (Orissa) |
|
|
|
|
Any adhoc deposits made with Sales Tax Authorities, Orissa against the claim on previous years High-seas sales which contested by the Company is to be kept under this head pending completion of the proceedings. |
|
|
|
|
|
Entry generating centres - STC-HO. |
|
|
|
|
|
|
|
|
3290 |
Deposit Sales Tax (Karnataka) |
|
|
|
|
Any adhoc deposit made with Sales Tax Authorities, Karnataka against the claim of previous years high sea sales which contested by the Company is to be kept under this head. |
|
|
|
|
|
Entry generating centres - STC-HO. |
|
|
|
|
|
|
|
|
3300 |
Deposit Sales Tax (Gujarat) |
|
|
|
|
Any adhoc deposits made with Sales Tax Authorities, Gujarat against the claim on previous years High-seas sales which contested by the Company is to be kept under this head pending completion of the proceedings. |
|
|
|
|
|
Entry generating centres - STC-HO. |
|
|
|
|
|
|
|
|
|
|
|
3310 |
Deposit for Telephone |
|
|
|
|
Deposit with Telephone Authority towards security is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3320 |
Deposit for Telex |
|
|
|
|
Deposit with Post & Telegraph Authority towards security is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3330 |
Deposit for Fax |
|
|
|
|
Deposit with Telephone Authority towards security is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3350 |
Deposit with AG Hospital |
|
|
|
|
Deposit towards security is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
3360 |
Deposit with Calcutta Hospital |
|
|
|
|
Deposit towards security is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
3370 |
Deposit with CESC |
|
|
|
|
Deposit towards security against meter is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3380 |
Deposit with Customs (Import Duty) |
|
|
|
|
Amount deposited with Customs Authority against their claim on old import of HMS is to be kept in this head of account pending completion of the legal proceedings. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
3400 |
Security Deposit for Electricity |
|
|
|
|
Deposit kept with Electricity Authority towards meter is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3420 |
Security Deposit (Staff Res. Rent) |
|
|
|
|
Deposit made to the landlords for company leased accommodation is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3430 |
Security Deposit (Office Rent) |
|
|
|
|
Deposit made to the landlords of office premises is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3450 |
Security Deposit (Transit House) |
|
|
|
|
Deposit made to the landlords of transit house is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3460 |
Deposit for Hospital |
|
|
|
|
Deposit made to the hospital under arrangement with the Company other than H.O. is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3481 |
Deposit For Gas |
|
|
|
|
Deposit as security with gas supply agency is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3482 |
Deposit for Octroi |
|
|
|
|
Deposit as security for Octroi is to be booked under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3483 |
Deposit for Sales Tax |
|
|
|
|
Any deposit to Sales Tax Authorities made in the course of normal activities of Domestic marketing other than claims against old high-seas sales is to be accounted for pending settlement. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3484 |
Deposit for Tender |
|
|
|
|
Earnest money deposit made by the Company for participating in tender is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3510 |
Staff Conveyance Advance |
|
|
|
|
Amount advanced to employees and its recovery is to be booked under this head. In respect of Region/Branch disbursement and recovery both has to be transferred to H.O. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3520 |
Staff Festival Advance |
|
|
|
|
Amount advanced to employees is to be booked under this head pending recovery / adjustment. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3530 |
Staff House Building Advance |
|
|
|
|
Amount advanced to employees and its recovery is to be booked under this head. All disbursement / recovery at region / branch has to be transferred to H.O. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
3540 |
Staff Incentive Advance |
|
|
|
|
Amount advanced paid to employees is to be booked under this head pending recovery / adjustment. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3550 |
Staff L.T.C. Advance |
|
|
|
|
Amount advanced to employees is to be booked under this head pending recovery / adjustment. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3551 |
Staff L.L.T.C. Advance |
|
|
|
|
Amount advanced to employees is to be booked under this head pending recovery / adjustment. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3560 |
Staff Medical Advance |
|
|
|
|
Amount advanced to employees is to be booked under this head pending recovery / adjustment. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3570 |
Staff Salary Advance |
|
|
|
|
Amount advanced to employees is to be booked under this head pending recovery / adjustment. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3580 |
Staff Temporary Advance |
|
|
|
|
Any amount advanced to employees is to be booked under this head pending recovery / adjustment. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3590 |
Staff Tour Advance |
|
|
|
|
Amount advanced to employees is to be booked under this head pending recovery / adjustment. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3600 |
Staff Transfer TA Advance |
|
|
|
|
Amount advanced to employee under transfer is to be booked under this head pending recovery / adjustment. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3660 |
Interest Due on Staff Conveyance Advance |
|
|
|
|
Amount of interest accrued is to be booked under this head. Any recovery / adjustment to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
3670 |
Interest Due on Staff House Building Advance |
|
|
|
|
Amount of interest accrued is to be booked under this head. Any recovery / adjustment also to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
3950 |
Ferro Scrap Nigam Limited |
|
|
|
|
All transactions made on behalf of Ferro Scrap Nigam Limited and vice-versa shall be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
Current Liabilities & Provisions [ 6]
|
3800 |
Sundry Creditors for Goods |
|
|
|
|
All expenditures relating to purchase of goods in a particular year but not paid during the year are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / DMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
3850 |
Sundry Creditors for Expenses |
|
|
|
|
All expenditure arising other than purchase of goods but not paid during the year of accrual is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
3900 |
Sundry Creditors on Capital Account |
|
|
|
|
Sundry creditors arising out of accrual of any capital expenditure, which are not paid during the year, are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
4000 |
Unclaimed Dividend |
|
|
|
|
Issuance of cheque towards payment of dividend remain not presented within statutory period is to be transferred to this account. The unclaimed portion more than five years needs further transfer to special account of Central Govt. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
4010 |
Dividend |
|
|
|
|
Consequent upon declaration of dividend followed by submission of list of shareholders and individual dividend amount the payment shall be realised through this account. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
4060 |
EMD (DT) |
|
|
|
|
All earnest money deposits, which are less than two years old in case of domestic marketing division, are to be accounted for under this account head. Whenever any deposit is more than two years old, the same has to be transferred to "EMD - Sundries (4120)". |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
4070 |
EMD (Auction) |
|
|
|
|
All earnest money deposits collected in auction, which are to be converted to material value, is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
4080 |
EMD (Others) |
|
|
|
|
Any earnest money deposit received on account of any transaction unrelated to International and/or Domestic Marketing is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
4090 |
EMD (FT) |
|
|
|
|
All earnest money deposits, which are less than two years old on account of International marketing division, are to be accounted for under this head. Whenever any deposit is more than two years old, the same has to be transferred to "EMD – Sundries (4120)". |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
4100 |
EMD (DT) Permanent |
|
|
|
|
Any earnest money deposit received from customers of Domestic Marketing division and which are permanent in nature are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
4110 |
EMD – Sundries |
|
|
|
|
All earnest money deposit of Domestic and International Marketing division, which are more than two years old, are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
4120 |
EMD (Plant) |
|
|
|
|
Collection of earnest money deposit from customers of steel plant materials and its refund / adjustment are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
4130 |
EMD (SHIP) |
|
|
|
|
EMD already received from ship breakers are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
4160 |
EMD – Third Party |
|
|
|
|
Collection of earnest money deposit from customers in respect of back to back deal to participate in Principals' tender and its subsequent refund / adjustment are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
4250 |
Security Deposit (FT) |
|
|
|
|
Any security deposits received by International Marketing Dept. are to be kept under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
4260 |
Security Deposit (DT) |
|
|
|
|
Any security deposit received by Domestic Marketing Dept. is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
4270 |
Security Deposit (Others) |
|
|
|
|
Any security deposit received, other than International and Domestic Marketing Dept., are to be kept under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
4450 |
Advance from Parties |
|
|
|
|
Any advance received from customer as advance for purchasing of materials not being the nature of earnest money deposit or security deposit is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5111 |
SAIL-Rourkela Steel Plant |
|
|
|
|
All collection for materials on behalf of SAIL-RSP and its subsequent payments are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5112 |
SAIL-Durgapur Steel Plant |
|
|
|
|
All collections for material on behalf of SAIL-DSP and its subsequent payments are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5113 |
SAIL-Bokaro Steel Plant |
|
|
|
|
All collections for material value on behalf of SAIL-Bokaro and its subsequent payments are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5120 |
IISCO |
|
|
|
|
All collections towards material value on behalf of SAIL-IISCO and its subsequent payments are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5125 |
Rashtriya Ispat Nigam Ltd. |
|
|
|
|
All collections for material value on behalf of RINL and its subsequent payments are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5130 |
SAIL – Alloy Steel Plant |
|
|
|
|
All collections for material value on behalf of SAIL-ASP and its subsequent payments are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5155 |
SAIL – Raw Materials Division |
|
|
|
|
All collections towards material value on behalf of SAIL-RMD and its subsequent payment is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5190 |
Principal Accounts |
|
|
|
|
All collections for material value on behalf of all Principals other than SAIL and its subsequent payments are to be routed through this head. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
5200 |
Advance Sales |
|
|
|
|
Excess of provisional sale value over sale value calculated on the basis forex rate prevailing on the last day of the accounting year in respect of high sea sale for which forward cover was not taken and actual payment date falls beyond the last day of the accounting year as well as cut off date for finalisation of accounts is to be booked under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5210 |
Advance Service Charge (DT) |
|
|
|
|
Service charge realised in respect of unissued delivery order is to be booked under this head. This is to be adjusted with debtors as and when service charge bill raised consequent upon issuance of delivery order. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
5220 |
Advance Ship Sales |
|
|
|
|
Excess of provisional bill value over actual value of import of foreign flag vessel of earlier years is to be kept under this head pending final settlement of all account of shipbreakers. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5230 |
Auction Entry Permit |
|
|
|
|
Amount received as entry permit but not refunded on the same day may be kept under this head, pending refund. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
5350 |
Staff Co-operative Credit Society |
|
|
|
|
Amount deducted from pay roll on account of MSTC Co-operative Credit Society and its payment is to be routed through this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5370 |
Staff E.P.F. (Employees) |
|
|
|
|
Amount deducted on account of PF from pay roll is to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5401 |
Staff Pension Fund |
|
|
|
|
Amount deducted from pay roll towards pension fund and its payment is to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5410 |
Staff Gratuity Payable |
|
|
|
|
Amount received from previous employer of any employee is to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5430 |
Staff Income Tax Deducted at Source |
|
|
|
|
Income Tax deducted from salary and its payment to Income Tax Authority is be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
5440 |
Staff Providend Fund Loan Deducted |
|
|
|
|
Amount deducted from salary towards PF Loan recovery and its payment to PF Trust is to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5450 |
Staff Salary Savings Scheme |
|
|
|
|
Amount of premium deducted from salary and its payments to LIC is to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
5460 |
Staff Salaries & Wages Payable |
|
|
|
|
Booking of net salary payable and disbursement is to be routed through this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
5470 |
Staff V.P.F. |
|
|
|
|
Amount of Voluntary Providend Fund deducted through pay-roll and its payment to PF Trust is to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5480 |
Staff Profession Tax |
|
|
|
|
Amount of Profession Tax deducted from salary and its deposit with appropriate authority is to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
5520 |
Suspense Compensation |
|
|
|
|
Encashment proceeds of Performance Guarantee Bond due to non performance of contracts and its payments / adjustment is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5570 |
I. Tax Deducted at Source (Contractors) |
|
|
|
|
Tax deducted at source from contractor's / suppliers / consultants / landlords, etc. and its deposit with Income Tax Authority is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
5580 |
Sales Tax Payable |
|
|
|
|
Sales Tax collection and its deposit with Sales Tax Authority in respect of domestic sales on behalf of Principals, sale of domestic materials and sale of advance licence is to be booked under this head. Separate account may be opened for different state. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
5630 |
Despatch / Demurrage Suspense |
|
|
|
|
Demurrage / Despatch paid / received and its adjustment is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5641 |
HDFC Limited |
|
|
|
|
Loan recovery from pay roll and its deposit with HDFC Limited is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5642 |
SBI Home Finance Limited |
|
|
|
|
Loan recovery from pay roll and its deposit with SBI Home Finance Limited is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5670 |
Deposit from Customers (APST) |
|
|
|
|
Amount received from customers towards adhoc payment against sales tax claim, on high sea sale in respect of Andhra Pradesh, of earlier years is to be booked under this head. |
|
|
|
|
|
Entry generating centres - STC-HO. |
|
|
|
|
|
|
|
|
|
|
|
5680 |
Deposit from Customers (OST) |
|
|
|
|
Amount received from customers against sales tax claim, on high sea sales in respect of Orissa, of earlier years is to be booked under this head. |
|
|
|
|
|
Entry generating centres - STC-HO. |
|
|
|
|
|
|
|
|
|
|
|
5700 |
Deposit Stainless Steel |
|
|
|
|
Deposit received from customers against stainless steel import is to be kept under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5800 |
Provision for Bad & Doubtful Debts |
|
|
|
|
Accumulated provision pending adjustment / realisation is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5820 |
Provision for Taxation |
|
|
|
|
Accumulated provision is to be accounted for under this head pending finalisation of assessment. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
5840 |
Proposed Dividend |
|
|
|
|
Appropriation of profit for declaration of Dividend for the year is to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
5845 |
Provision for Leave Salary |
|
|
|
|
Accumulated provision of leave salary is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
Miscellaneous Expenditure [ 7]
|
5850 |
Deferred Revenue expenses |
|
|
|
|
Expenditure for the unexpired period is to be accounted for under this head pending adjustment in subsequent year(s). |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5851 |
Debit Balance of Profit & Loss Account |
|
|
|
|
Debit balance for any particular year, if any, of “Profit and Loss Account (0220)” is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
Sales [ 9]
|
6250 |
Sale of CSMS |
|
|
|
|
Sale of CSMS on high seas basis is to be credited under this head and "Sundry Debtors (FT) (2000)" is to be debited. Sales price means cost of material plus load port inspection charges and Service Charges. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
6260 |
Sale of HMS |
|
|
|
|
Sale of HMS on high seas basis is to be credited under this head and "Sundry Debtors (FT) (2000)" is to be debited. Sales price means cost of materials plus load port inspection charges and service charges. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
6270 |
Sale of HR Coil |
|
|
|
|
Sale of HR Coils is to be credited under this head and "Sundry Debtors (FT) (2000)" is to be debited. Various components of sales price are to be determined as per terms of agreement. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
6280 |
Final Bill Adjustment – Sales |
|
|
|
|
Difference between actual sales value and provision sale value of any import pertaining to earlier year the payment date of which falls in the current year is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
6290 |
Sale of Super Kerosene Oil |
|
|
|
|
Sale of imported SKO other than import of SKO as facilitator is to be credited under this head and "Sundry Debtors (FT) (2000)" is to be debited. Determination of sales price is based on the terms of agreement. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6350 |
Sale of Furnace Oil |
|
|
|
|
Sale of Furnace Oil is to be credited under this head and "Sundry Debtors (FT) (2000)" is to be debited. Determination of sales price is based on the terms of agreement. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
6351 |
Sale of Palette |
|
|
|
|
Sale of Palette is to be credited under this head and "Sundry Debtors (FT) (2000)" is to be debited. Determination of sales price is based on the terms of agreement. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
6360 |
Sale of HMS (Ex-Dock) |
|
|
|
|
Sale of HMS on Ex-dock basis is to be credited under this head and "Sundry Debtors (FT) (2000)" is to be debited. Determination of sales price is based on the terms of agreement. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
6361 |
Sale of HMS (Ex-Yard) |
|
|
|
|
Sale of HMS on Ex-Yard basis is to be credited under this head and "Sundry Debtors (FT) (2000)" is to be debited. Determination of Sale is based on the terms of agreement. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
6370 |
Sale of HMS (Ex-ship) |
|
|
|
|
Sale of HMS on ex-ship basis is to be credited under this head and "Sundry Debtors (FT) (2000)" is to be debited. Determination of sales value is on the basis of terms of agreement. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
6381 |
Sale of Steel Items |
|
|
|
|
Sale of steel items procured from steel plants is to be booked under this head and “Sundry Debtors (DS) (2005)” is to be credited. Determination of sales value is on the basis of terms of agreement. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
6430 |
Conversion Sales |
|
|
|
|
Conversion sale is to be credited under this head and "Sundry Debtors (FT) (2000)" is to be debited. Conversion sale price is based on the terms of the conversion sale agreement. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
6435 |
Consignment Sale |
|
|
|
|
Consignment sale is to be credited under this head and "Sundry Debtors (FT) (2000)" is to be debited. Consignment sale price is based on the terms of Consignment sale agreement. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
6440 |
Sale of Fixed Assets |
|
|
|
|
Sale proceeds received on account of sale of fixed assets is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
7180 |
Sale of Advance Licence |
|
|
|
|
Sale of Advance Licence is to be credited under this head and "Sundry Debtors (FT) (2000)" is to be debited. Sales price means premium paid for procuring advance licence plus service charge. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
Service Charges [10]
|
6450 |
Service Charges on Steel Plant Sale |
|
|
|
|
Service charge accrued on issuance of delivery order on behalf of Steel Plant is to be credited under this head and "Sundry Debtors (DT) (2010)" is to be debited. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
6460 |
Service Charges on PSUs Sale |
|
|
|
|
Service charge accrued on issuance of delivery order / sale order on behalf of various PSUs is to be credited under this head and "Sundry Debtors (DT) (2010)" is to be debited. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
6470 |
Service Charges on Defence Sale |
|
|
|
|
Service charge accrued issuance of delivery order on behalf of Defence units is to be credited under this head and "Sundry Debtors (DT) (2010)" is to be debited. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
6480 |
Service Charges on Other Sale |
|
|
|
|
Service charge accrued on behalf of any principal other than Steel Plant, Defence, PSUs or any other party is to be credited under this head and depending on the party, "Sundry Debtors (DT) (2010)" or "Sundry Debtors (FT) (2000)" is to be debited. |
|
|
|
|
|
Entry generating centres - IMA-HO / DMA-HO / Region / Branch. |
Other Income [11]
|
6650 |
Interest on Investment in Bonds |
|
|
|
|
Interest received/accrued on investment in Bond is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
6750 |
Dividend from FSNL |
|
|
|
|
Dividend received/accrued from Ferro Scrap Nigam Limited is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
6860 |
Interest on Short Term Deposit |
|
|
|
|
Interest received/accrued on Fixed Deposits with Bank is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
6870 |
Interest on Investment Deposit (IDBI) |
|
|
|
|
Interest accrued on Investment Deposit on IDBI is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
6880 |
Interest on Inter-Corporate Deposit |
|
|
|
|
Interest received/accrued on inter corporate deposit is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7000 |
Profit on Sale of Assets |
|
|
|
|
Excess of sales price over w.d.v. of assets which is after calculation of depreciation under Income Tax Act is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
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|
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|
|
|
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|
7005 |
Canteen Receipts |
|
|
|
|
Sale proceeds of canteen coupons is to be credited in this head. Subsequently this head is to be debited and "Staff Canteen Expenses (8190)" is to be credited by the proportionate amount of contractor's bill, while passing contractor's bill. |
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|
Entry generating centres - CA-HO / Region / Branch. |
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|
|
|
|
|
|
|
|
7060 |
Interest Others |
|
|
|
|
Interest received / accrued for the year on all advances extended to parties is to be accounted for under this head. |
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|
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|
Entry generating centres - CA-HO / IMA-HO / DMA-HO / Region / Branch. |
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|
|
|
|
|
7070 |
Interest on Conveyance Advance |
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|
Interest accrued for the year on Conveyance Advance is to be accounted for under this head. All recovery must be routed through "Interest due on Staff Conveyance Advance (3660)" only. |
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Entry generating centres - CA-HO. |
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|
|
|
|
|
|
|
7080 |
Interest on House Building Advance |
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|
|
Interest accrued for the current year on House building advance is to be accounted for under this head. All realisations must be routed through "Interest due on Staff House Building Advance (3670)". |
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|
Entry generating centres - CA-HO. |
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|
|
|
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|
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|
7150 |
Transit Camp Receipts |
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|
Receipts towards room rent from guests for lodging is to be accounted for under this head. |
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Entry generating centres - CA-HO / Region / Branch. |
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|
7160 |
Other Income |
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Sale of tender paper, auction catalogue and any other booklet brochure, etc. is to be accounted for under this head. |
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Entry generating centres - CA-HO / Region / Branch. |
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|
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|
|
7170 |
Staff Residence Rent Recovery |
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Amount recovered from executives through pay roll who are availing leasehold accommodation is to be credited in this account. |
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|
Entry generating centres - CA-HO / Region / Branch. |
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|
7171 |
Provisions No Longer Required – Written Back |
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|
All types of provisions for debtors, expenses made in previous years not required either due to realisation or non-payments/less payments respectively is to be reversed by crediting this account head. |
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|
Entry generating centres - CA-HO. |
|
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|
|
|
|
|
|
|
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|
7210 |
Despatch Money |
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|
|
Despatch amount earned on accrual basis on imported material pertaining to MSTC is to be accounted for under this head. |
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|
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|
|
Entry generating centres - IMA-HO. |
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|
|
|
|
|
|
|
7220 |
Compensation |
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|
|
Compensation received from Conversion/Consignment Agent due to non-fulfillment of obligation/non-performance is to be accounted for under this head. |
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|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
Expenses Direct [12]
|
7400 |
Purchase of CSMS |
|
|
|
|
Purchase price of imported material is to be debited under this head and "Sundry Creditors for Goods (3800)" is to be credited. Booking of purchase will be either on actual payment amount in case of shipment against which payment already released or where payment is not made either on forward cover basis if it is booked or on the basis of forex rate prevailing on the last day of the accounting year. Purchase price means cost of material and load port inspection charges. |
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|
|
|
|
Entry generating centres - IMA-HO. |
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|
|
|
|
|
|
7410 |
Purchase of HMS |
|
|
|
|
Purchase price of imported material is to be debited under this head and "Sundry Creditors for Goods (3800)" is to be credited. Booking of purchase will be either on actual payment amount in case of shipment against which payment already released or where payment is not made either on forward cover basis if it is booked or on the basis forex rate prevailing on the last of the accounting year. Purchase price means cost of material plus load port inspection charges. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7430 |
Purchase of Advance Licence |
|
|
|
|
Purchase of Advance Licence is to be initially debited under this head and "Sundry Creditors for Goods (3800)" is to be credited. Premium paid for licence used by MSTC for own material is to be transferred to "Premium on Advanced Licence (7769)" at the end of financial year. Premium paid for procuring licence is to be considered as its purchase price. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
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|
|
|
|
|
|
|
|
7440 |
Final Bill Adjustment – Purchase |
|
|
|
|
Difference between the actual payment amount and amount provided in the books in case of import of earlier year the payment of which was effect in the current year. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
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|
|
|
|
|
|
|
|
|
|
|
7450 |
Purchase of Super Kerosene Oil |
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|
|
|
Purchase price if imported material is to be debited under this head and "Sundry Creditors for Goods (3800)" is to be credited. Booking of purchase will be either on actual payment basis in case of shipment against which payment already released or where payment is not made either on forward cover basis if taken otherwise forex rate prevailing on the last day of the accounting year. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7460 |
Purchase of Furnace Oil |
|
|
|
|
Purchase of Furnace oil is to be debited under this head either on actual payment basis or on forward cover basis in case forward cover taken otherwise on the basis of forex rate prevailing on the last day of accounting year. Simultaneously, "Sundry Creditors for Goods (3800)" is to be credited. Components of purchase price are based on the terms of Purchase Order. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7470 |
Purchase of HR Coil |
|
|
|
|
Purchase price of imported material is to be debited under this head and "Sundry Creditors for Goods (3800)" is to be credited. Booking of purchase either on actual payment basis in case of shipment against which payment already released or on the basis of forward cover if taken or otherwise on the basis of forex rate prevailing of the last date of accounting year. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7490 |
Purchase of Palette |
|
|
|
|
Purchase price of imported material is to be debited under this head and "Sundry Creditors for Goods (3800)" is to be credited. Booking of purchase price will be either on actual payment basis in case of shipment against which payment already released or where payment is not made either on forward cover basis if taken otherwise on the basis of forex rate prevailing on the last day of accounting year. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7500 |
Purchase of Steel Items |
|
|
|
|
Purchase price of steel items procured from Steel Plant is to be debited under this head and "Sundry Creditors for Goods (3800)" is to be credited. |
|
|
|
|
|
Entry generating centres - DMA-HO. |
|
|
|
|
|
7556 |
Ocean Freight |
|
|
|
|
Freight charges paid/payable is to be booked under this head if the imported material is purchased on FOB basis. |
|
|
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|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7600 |
Auction Tender Expenses |
|
|
|
|
Expenditure incurred towards tender / auction notification published in the newspapers, hall hire charges, cash collection charges and other incidental expenses is to be booked under this head. |
|
|
|
|
|
Entry generating centres - DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
7766 |
Customs Duty |
|
|
|
|
Payment of Custom Duty on imported own material is to be booked under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7767 |
Expenses for Demurrage |
|
|
|
|
Demurrage payment released/due on own material is to be booked under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7768 |
Port charges |
|
|
|
|
Amount released towards port charges on imported own material is to be booked under this head. If the imported material is to be sold on ex-dock or ex-yard basis, appropriate port charges is also to be accounted for. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7769 |
Premium on Advance Licence |
|
|
|
|
Premium paid on advanced licence to be utilised against own material for duty purpose is to be accounted under this head by transferring the proportionate amount from the account head "Purchase of Advance Licence (7430)". |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
7770 |
Foreign L/C Charges |
|
|
|
|
Proportionate foreign L/C charges in respect of imported materials which is to be sold on any basis other than high-seas and the sale price of which includes all direct expenditure in addition of MSTC's service charge, is to be booked under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7771 |
Stevedoring Charges |
|
|
|
|
Proportionate stevedoring charges in respect of imported materials to be sold on ex-dock/ex-yard basis and the sale price of which includes all direct expenditure in addition to MSTC's service charge is to be booked under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
7772 |
Stamp Charges |
|
|
|
|
Proportionate stamp charges in respect of imported materials to be sold on any basis other than high seas is to be booked under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7773 |
CVD |
|
|
|
|
Amount paid towards CVD towards MSTC's own material is to be booked under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
7774 |
Carriage and Freight |
|
|
|
|
Any expenditure on this account for MSTC's material is to be booked under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
7775 |
Handling Expenses |
|
|
|
|
Any expenditure on this account for MSTC's material to be sold on ex-dock/ex-yard basis is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
7776 |
Conversion Charges |
|
|
|
|
Conversion charges claimed by the agent on MSTC's material for processing the same to finished products as per conversion agreement is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
7778 |
Insurance Charges |
|
|
|
|
Proportionate insurance charges for MSTC’s material to be sold on ex-dock/ex-yard basis are to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7779 |
Plot Rent |
|
|
|
|
Plot rent in respect of MSTC's stockyard is to be booked under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
7780 |
Consignment Charges |
|
|
|
|
Consignment charges incurred by the consignee on behalf of MSTC in respect of consignment sale are to be booked under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
9380 |
Conversion Sale Commission |
|
|
|
|
Amount paid to conversion and selling agent towards commission on sale is to be debited under this head. |
|
|
|
|
|
Entry generating centres - IMA-HO / Region / Branch. |
Expenses Indirect [13]
|
7750 |
Bank Charges |
|
|
|
|
Expenditure incurred by bank towards outstation clearing charges, incidental charges, etc. is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / IMA-HO / DMA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
7760 |
Interest on Over Draft/Cash Credit |
|
|
|
|
Amount incurred towards interest on overdraft/cash credit is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
7761 |
Guarantee Commission |
|
|
|
|
Any commission charged by the bank for extending guarantee for raising foreign currency loan is to be booked under this head. Any Commission charged for opening inland bank guarantee on behalf of MSTC is to be debited under the head "Bank Charges (7750)". |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
7762 |
Interest on Secured Loans |
|
|
|
|
Any interest charged by the bank against secured term loan only is to be booked under this head. Interest on cash credit and overdraft is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7800 |
Staff Salaries, Wages & Allowances |
|
|
|
|
Gross salary as calculated through pay roll is to be debited under this head and respective deduction heads with deducted amounts and "Staff Salary & Wages Payable (5460)" with net salary are to be credited. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
7810 |
Staff Leave Encashment |
|
|
|
|
Any payment on leave encashment and current years’ provision is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
7820 |
Staff Overtime Expenses |
|
|
|
|
Any payment towards overtime allowance is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
7830 |
Staff LTC/LLTC Expenses |
|
|
|
|
Amount paid and / or adjusted with "Staff LTC Advance (3550)" or "Staff LLTC Advance (3551)", as the case may be, is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
7831 |
Staff Incentive (DT) |
|
|
|
|
Any payment made towards incentive for achievement of DT target is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
7900 |
CMD's Remuneration |
|
|
|
|
Gross salary paid to CMD is to be debited under this head and respective deduction heads with deducted amounts and "Staff Salary & Wages Payable (5460)" with net salary are to credited. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7910 |
CMD's Medical benefit |
|
|
|
|
Amount reimbursed to CMD towards medical benefit is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7920 |
CMD's LTC/LLTC Expenses |
|
|
|
|
Amount paid and / or adjusted with "Staff LTC Advance (3550)" or "Staff LLTC Advance (3551)", as the case may be, for CMD is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7930 |
CMD's PF (Company's Contribution) |
|
|
|
|
Proportionate amount paid to PF Trust for CMD's PF is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
7940 |
CMD's Children Education Allowance |
|
|
|
|
Amount reimbursed to CMD for children educational allowance is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8000 |
Staff E.P.F. Contribution (Employers) |
|
|
|
|
Proportionate contribution of MSTC paid / payable to PF Trust identical to employees' contribution is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8020 |
Staff PF Admin. Charges |
|
|
|
|
Amount paid to PF Authorities as administration charges as specified from time to time is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8030 |
Staff PF Inspection Charges (65%) |
|
|
|
|
Amount paid to PF Authorities towards inspection charges is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8040 |
Staff EDLI Inspection Charges |
|
|
|
|
Amount paid to PF Authorities towards EDLI inspection charges is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8041 |
Mstc CPF |
|
|
|
|
Any advance paid to PF Trust against monthly contribution is to be debited under this head pending adjustment. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8100 |
Staff Exgratia/Bonus |
|
|
|
|
Amount disbursed / adjusted to employees towards bonus as per Bonus Act and ex-gratia consequent upon Board approval is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8120 |
Staff Gratuity |
|
|
|
|
Excess of actual gratuity paid over the amount received from LICI authorities is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8130 |
Staff Group Gratuity Premium |
|
|
|
|
Premium paid to Gratuity Trust for onward deposit with LIC Authorities is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8150 |
Staff Medical Benefit (Executives) Hospital |
|
|
|
|
Amount paid to empanelled hospital / nursing home or reimbursed to executives towards hospitalisation treatment as per rule is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8160 |
Staff Medical Benefit (Executives) Others |
|
|
|
|
Amount reimbursed to executives towards medical benefit other than hospitalisation as per rule is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8161 |
Staff Post Retirement Medical Benefit (Executives) |
|
|
|
|
Amount reimbursed to retired executives towards medical benefit as per rule is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8170 |
Staff Medical Benefit (Non-Exes) Hospital |
|
|
|
|
Amount paid to empanelled hospital / nursing home or reimbursed to employee towards treatment as per rule is to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8180 |
Staff Medical Benefit (Non-Exes) Others |
|
|
|
|
Non-hospitalisation treatment of non-executives is to be booked as per rule under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8181 |
Staff Post Retirement Medical Benefit (Non-Exes) |
|
|
|
|
Amount paid to retired non-executives for treatment as per rule is to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8190 |
Staff Canteen expenses |
|
|
|
|
Amount paid to contractor for food against coupon only is to be booked under this head. Simultaneously, the proportionate amount from "Canteen Receipts (7005)" has to be credited to this account. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8200 |
Staff Children Education Allowance |
|
|
|
|
Reimbursement of children education allowance as per rule is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8210 |
Staff Labour Welfare Board |
|
|
|
|
Amount collected from the salary of non-executives is to be credited to this head which is to be deposited to Labour Commissioner on a subsequent date by debiting this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8220 |
Staff Welfare Expenses |
|
|
|
|
Amount paid towards book grant, scholarship to children, grant to recreation club, etc. is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8230 |
Staff Liveries |
|
|
|
|
Amount paid to Peons, Drivers for summer uniform, winter uniform, etc. is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8240 |
Staff Group Insurance Premium |
|
|
|
|
Premium paid to LICI authorities towards group insurance is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8350 |
Maintenance of Office Flat |
|
|
|
|
Amount paid/reimbursed towards maintenance of Company's own flat/Lease-hold accommodation is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8380 |
Maintenance Office |
|
|
|
|
Amount paid for office cleaning, security etc. is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8390 |
Maintenance of Office Car |
|
|
|
|
Amount paid towards maintenance and running of car owned by the Company is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8400 |
Maintenance of Equipments |
|
|
|
|
Amount paid towards maintenance of office equipment is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8410 |
Maintenance of Transit Camp |
|
|
|
|
Amount paid towards maintenance of transit camp is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8420 |
Repair & Renewals |
|
|
|
|
Amount paid for repair of any office equipment is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8450 |
Office Insurance Charges |
|
|
|
|
Amount paid to insurance company for fire/burglary/theft etc. of office premises including cash safe is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8470 |
Office Rent |
|
|
|
|
Amount paid to landlord for payment of office rent is to be debited under this head. Amount adjustable from "Advance Office Rent (2930)" or "Security Deposit Office Rent (3430)", if any, is also to be debited in this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8480 |
Transit House Rent |
|
|
|
|
Amount paid to landlord for payment of transit house rent is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8490 |
Staff Residence Rent |
|
|
|
|
Amount paid to landlords for leasehold accommodation occupied by the executives is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8500 |
Brokerage for Leased Accommodation |
|
|
|
|
Amount paid to broker for arranging leasehold accommodation for the executives is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8520 |
Rates & Taxes |
|
|
|
|
Amount paid towards statutory charges is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8530 |
Sales Tax |
|
|
|
|
Amount paid to Sales Tax Authorities towards statutory charges is to be debited under this head. |
|
|
|
|
|
Entry generating centres - STC-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8550 |
Staff Travelling Expenses |
|
|
|
|
Amount adjusted with "Staff Tour Advance (3590)" or reimbursed to employees for tour on official purpose is to be debited under this head. Also amount paid to travel agents directly for arranging journey tickets for officials is to be debited in this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8551 |
Local Travelling Expenses |
|
|
|
|
Amount reimbursed to employees for maintenance and running of vehicles owned by the employees is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8552 |
Car Hire charges |
|
|
|
|
Amount paid towards hiring of motor car for official purpose is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8560 |
Staff Conveyance & Carriage |
|
|
|
|
Amount reimbursed to employees for local travelling is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8570 |
Staff Transfer TA Expenses |
|
|
|
|
Amount paid / reimbursed to transporter / employees towards transfer to another station as per rule is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8580 |
CMD's Travelling Expenses |
|
|
|
|
Amount incurred by CMD for travelling on official purpose is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8590 |
Directors Travelling |
|
|
|
|
Amount reimbursed to Board of Directors for official tour is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8600 |
Delegation Expenses |
|
|
|
|
Amount paid for foreign official tour as per rule is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8650 |
Audit Fees |
|
|
|
|
Amount paid to Statutory Auditors as remuneration for accounts audit is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8660 |
Tax Audit Fees |
|
|
|
|
Amount paid to Statutory Auditors as remuneration for Tax audit purpose is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8670 |
Internal Audit Fees |
|
|
|
|
Amount paid to Internal Auditors for his remuneration is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8680 |
Fees for Other Professional Work |
|
|
|
|
Amount paid towards any professional job other than Statutory / Internal Audit is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8700 |
Out of Pocket Expenses (Statutory Auditors) |
|
|
|
|
Amount paid towards out of pocket expenses by the Statutory Auditors in connection with audit works is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8710 |
Out of Pocket Expenses (Internal Auditors) |
|
|
|
|
Amount paid to Internal Auditors for out of pocket expenses in connection with internal audit work is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8720 |
Out of Pocket Expenses (Other Auditors) |
|
|
|
|
Amount paid to auditors other than Statutory / Internal Auditors towards out of pocket expenses are to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8750 |
Postage & Telegram |
|
|
|
|
Expenditure incurred towards postage & telegram is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8760 |
Electricity Charges |
|
|
|
|
Amount paid to electricity authorities towards electricity charges is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8800 |
Canteen Expenses (Other) |
|
|
|
|
All payments to contractor for tea, coffee, cold drinks, etc. and food supplied to guest and other expenses not related with coupons sold to employees is to be accounted for under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8810 |
Printing & Stationery |
|
|
|
|
Purchase of all stationery items and payment towards printing charges is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8815 |
Printing of Annual Reports |
|
|
|
|
Cost of printing of annual reports is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8850 |
CMD'S Entertainment Expenses |
|
|
|
|
All guest entertainment by CMD is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8860 |
Entertainment Expenses |
|
|
|
|
All entertainment expenditure other than CMD is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8900 |
Telephone & Fax |
|
|
|
|
Amount paid to Telephone Authorities for telephone and fax charges is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8910 |
Advertisement & Publicity |
|
|
|
|
All advertisement other than advertisement of Auction & Tender of Domestic Marketing and all publicity expenditure are to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8920 |
Legal Expenses |
|
|
|
|
All legal expenditure is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
8921 |
Consultancy Fees |
|
|
|
|
All consultancy charges other than legal consultancy is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
8950 |
Staff Recruitment |
|
|
|
|
All expenses incurred towards new recruitment are to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8960 |
Meeting & Conference Expenses |
|
|
|
|
All expenses incurred towards meeting and attending conferences are to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8970 |
Staff Training Expenses |
|
|
|
|
All expenses for training and attending seminar is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8980 |
Staff Hindi Training Expenses |
|
|
|
|
All expenditure incurred for promoting Hindi language is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
8990 |
AGM & Board Meeting Expenses |
|
|
|
|
All expenses incurred for arrangement of Annual General Meeting and Board Meeting excluding Directors' sitting fee is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
8995 |
Directors' Fees |
|
|
|
|
Amount paid to Board of Directors towards sitting fees is to be debited in this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9050 |
Newspaper, Books & Periodicals |
|
|
|
|
All expenses incurred for purchase of newspaper, books & periodicals and reimbursement of magazine allowance is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
9060 |
EDP Expenses |
|
|
|
|
All maintenance of PC other than Company's own PC and charges related to EDP which are revenue in nature are to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
|
|
|
9070 |
Donations |
|
|
|
|
All donations paid to done by the company are to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
9100 |
Filing Fees |
|
|
|
|
Filing fees paid to Registrar of Companies is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
9110 |
License Fees |
|
|
|
|
Trade License renewal fees are to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
9120 |
Subscription |
|
|
|
|
Any subscription paid for periodic journals, Diners Card, Club Membership is to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
|
|
|
9310 |
Prior Period Adjustments |
|
|
|
|
Any transactions related to earlier years not recorded in the relevant year due to omission or unascertainability is to be accounted for in the current year under this head. |
|
|
|
|
|
Entry generating centres - CA-HO / Region / Branch. |
|
|
|
|
|
9320 |
Loss on Sale of Assets |
|
|
|
|
Excess of W.D.V. of an asset after computing upto date depreciation as per Income Tax Act over the sale proceeds is to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
9330 |
Bad & Doubtful Debts |
|
|
|
|
Provisions of bad and doubtful debts during the year is to be debited under this head by crediting "Provision for Bad & Doubtful Debts (5800)". |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
9360 |
Write Offs |
|
|
|
|
Bad debts written off are to be debited under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
9370 |
Depreciation |
|
|
|
|
Depreciation on fixed assets for the current year is to be debited under this head by crediting corresponding "Provision for Depreciation" head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
Provisions for Taxation [14]
|
9410 |
Provision for Income Tax |
|
|
|
|
Provision for taxation for the current year is to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
9415 |
Dividend Tax |
|
|
|
|
Tax payable on dividend and its subsequent payment are to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
9480 |
Provision for Dividend |
|
|
|
|
Amount appropriated from current year profit towards dividend is to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
Appropriation Made [15]
|
9460 |
Transfer to Debenture Redemption Reserve |
|
|
|
|
Any appropriation of profit for the year for transferring to "Debenture Redemption Reserve (0130)" is to be booked under this head. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
9470 |
Transfer to General Reserve |
|
|
|
|
Appropriation of current year profit either part or in full to "General Reserve (0210)" is to be routed through this account. |
|
|
|
|
|
Entry generating centres - CA-HO. |
|
|
|
|
|
|
|
|
|
|
|
9490 |
Transfer to Profit & Loss Account |
|
|
|
|
Final balance of Current year's profit after all appropriation is to be routed through this account. |
|
|
|
|
|
Entry generating centres - CA-HO. |
]]]]]]]
List of abbreviations :-
|
CA-HO |
:- |
Central Accounts – Head Office |
|
IMA-HO |
:- |
International Marketing Accounts – Head Office |
|
DMA-HO |
:- |
Domestic Marketing Accounts – Head Office |
|
STC-HO |
:- |
Sales Tax Cell – Head Office |
]]]]]]]