PEPSU ROAD TRANSPORT CORPORATION PATIALA

8510b3ef6f4c4a2744b0ccaf58497724846e585a · 1950 · Punjab

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Parent: The Road Transport Corporation Act, 1950 (2900258a3941dbf11082eb4d38a8305be37f4bf5)

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PEPSU ROAD TRANSPORT CORPORATION PATIALA ACCOUNTING RULES PROCEDURE AND FORMS & DELEGATION OF FINANCIAL POWERS 1991 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 on 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 so 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 INTRODUCTORY 1.1 i) The Pepsu Road Transport Corporation was established under the Road Transport Corporation's Act, 1950 with effect from 1 st October, 1956. This corporation is a Public sector undertaking owned by the State Government and the Central Government (Northren Railway). ii) The Corporation is headed by a Chairman appointer by the State Government and it is administered by body corporate consisting of such members as may be appointed by the State Government and two memb

Rule TOC

1 · 1 i) The Pepsu Road Transport Corporation was established under the Road Transport Corporation's Act, 1950 with effect from 1 st October, 1956. This corporation is a Public sector undertaking owned by the State Government and the Central Government (Northren Railway).

1 · 2 Administrative & Financial Powers:

1 · 3 Financial Sturcture:

1 · 4 Set up and Organisation of The Accounts Department:

1 · 5 Fare & Freight Structure:

3 · 3 Miscellaneous revenue:

2 · Rent of Canteens/Shops/Stores:

4 · Sale of the time table:

5 · Advertisement:

6 · Trade Test:

8 · Damage of Buses:

9 · Driver Test Fee:

10 · Cloak Room and Reservation Fee:

11 · Lost Property:

12 · Excess cost of uniforms:

13 · Miscellaneous:

3 · 4 Receipt Books:

2 · 3 Safe Custody :

2 · 4 Disposal of Misprinted Tickets :

2 · 5 Loss of Tickets :

2 · 6 In case any mal-intention or gross negligence is proved for causing the loss, and further that if the tickets have not been got destroyed in fire, water or otherwise and have been lost otherwise, the defaulter will be required to pay the full face value of the tickets lost. In case, the tickets have been destroyed in fire or water or otherwise got spoiled, mutilated, obliterates torn and tattered rendering them unfit for use due to negligence on the part of any employee the recovery of loss may be ordered by the competent authority in proportion to the extent of negligence on the part of the concerned employee and the balance loss written off The spoiled tickets will be disposed off in the manner of misprinted tickets and the entries in records will be passed in the like manner. The amount of loss of the spoiled tickets will be worked out for purpose of recovery or write off as below :-

8 · Conductors ledger

9 · Conductors Shortage/Excess Ledger :

10 · Master account statement :

11 · Route Record :

12 · Conductor's Progress of Earning :

13 · Advance Booking :

16 · Monthly Passes :

17 · Special booking:

18 · Police vouchers :

19 · Mail and dak

20 · Samana out agency:

4 · 1 Capital Expenditure

1 · Land

2 · Buildings

3 · Buses, Trucks & Staff Car

4 · 2 Revenue Expenditure :

1 · Interest on Capital.

3 · 2 Diesel & Petrol:

3 · 2 Oil & Lubricants:

4 · Rent Rate & Taxes:

5 · Other Contigencies :

6 · Deduct Receipt :

2 · The pension and leave salary contribution in respect of the officers on deputation worked out at the rates intimated by the parent department Accountant General Punjab shall be deposited in the treasury under the appropriate Head of Accounts at intervals and in accordance with the instructions of the parent department/Accountant General Punjab under advice to the parent department & the officer concerned.

6 · Overtime Allowance :

3 · 5 Cash Section:

3 · 6 Revenue Cash Book

3 · 7 Refund of Revenue