PEPSU ROAD TRANSPORT CORPORATION — The Road Transport Corporation Act, 1950

PEPSU ROAD TRANSPORT CORPORATION PATIALA @maan; ACCOUNTING RULES PROCEDURE AND FORMS & DELEGATION OF FINANCIAL POWERS 1991 aretm 3jr R Hjv PREAMBLE The PEPSU Road Transport Corporation was formely known as PEPSU Roadways founded by the PEPSU government with effect form January. 1935 The PEPSU Roadways was later converted into a Corporation now known as the PEPSU Road Transport Corporation: The PEPSU Road Transport Corporation did not have any regular accountants proceure of its own_ The counting procedure has been evolved over the years o the basis of instructions and other directions issued by the Central Office from time to time. The accounting Procedure later prepared and adopted by Punjab Roadways has also hitherto been followed in the PEPSU Road Transport Corporation with modification and there suited to local requirements. It has, therefore, been felt essential to give a witten accounting procedure to this large undertaking: Accordingly, the Accounting procedure has been drawn up as per the ensuing chapter: The accounting procedure is based more or less on the pattern already obtaining in the offices/depots of the Corporation Or $o to say the procedure hitherto being followed has been given a written shape with some modifications here and there with a view to ensure proper and day to day accounting: CONTENTS Chapter Name of the Chapter Page: no L ACCOUNTING RULES &PROCEDURE Introductory: Administrative & Financial Power Financial structure Set up and organization of the accounts department Salient functions Set up of the Accounts Department Fare and freight Structure PASSENGER TICKETS, PRINTING RECEIPT AND ISSUE Safe custody Disposal of Misprinted Tickets Loss of Tickets REVENUE RECEIPT Traffic revenue Long Book Conductor' s ledger Conductors shortage/Excess Ledge