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Works register is a subsidiary register maintained in the expenditure section to record the expenditure in respect of sanctioned works. Separate pages are allotted for each work or separate register is maintained for each work depending on the quantum of work involved. Work register is a collective record of expenditure designed for effecting control over […]

REVENUE ALLOCATION REGISTER(1469E) Revenue allocation register is a subsidiary register maintained in expenditure section of accounts office to record the revenue expenditure incurred in respect of revenue work of accounting circle. This register is used as a tool to exercise control over expenditure. Separate pages are maintained for each revenue demand/abstract. The posting in this

MEASUREMENT BOOK (E1313): – Measurement book is one of the important initial records.   Payments for all works done or supplies made other than by departmental labor is made on the basis of the measurements recorded in the measurement book, popularly known as Measurement Book. All Measurement books allotted to a division are serially numbered. The

CONTRACTS SALIENT FEATURES OF CONTRACTS: – FORMS OF CONTRACTS: – SCHEDULE CONTRACT (1207-E): – The schedule contract is a contract under which the contractor engages to carry out a work or effect supplies as specified and within a period at fixed unit rate or price for each of the various items comprising such work or

DIFFERENCE BETWEEN EARNEST MONEY AND SECURITY DEPOSIT EARNEST MONEY SECURITY DEPOSIT E.M. is submitted along with the tender. S.D. is submitted after acceptance of the tender. E.M. is submitted by all tenderers. S.D. is collected from successful tenderers. E.M. is submitted in lumpsum i.e. in one instalment. S.D. can be submitted in instalments by deduction

TENDERS. Tender can be termed as invitation extended to the general public for supply of material or carrying out work in exchange of consideration. Tenders are most effective means to keep the rates at the lowest level. It is the duty of the executive officer to obtain the best value for the money spent hence

Completion Report of Works- The object of a completion report is to compare the cost of work actually constructed with those provided for in the last sanctioned estimate. A completion report of a project duly verified by the accounts officer should be submitted to the Railway board within eighteen months after the end of the

Estimates in Railways- The proposals for acquisition of assets, purchase of assets, renewal and replacement of assets are to be presented to the competent authority in the form of estimates to enable the competent authority to accord his sanction after scrutiny. Estimate can be termed as a tool to assess the cost likely to be

SURVEYS”. In this survey data regarding the growth of traffic is collected the existing facilities are evaluated the possibilities of optimizing them and new alternative schemes are examined. An estimate is prepared based on such investigation should under ordinary circumstances be sufficiently accurate to permit commencement of examinations straight way. The various kinds of surveys,

भारत के संविधान के अनुच्छेद 267 के अनुसार आकस्मिकता निधि का गठन किया गया है। यह निधि अग्रदाय प्रकृति की है। अर्थात इस निधि से धन खर्च करने के बाद पुनः प्रतिपूर्ति की जाती है। इस निधि से खर्च आकस्मिक कार्यों या ऐसी नई सेवा पर किया जाता है जिसका प्रावधान बजट में नहीं किया