5 marks question -1986 (WO) & 1993 (WO)
DIFFERENCES BETWEEN
MAR
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DEPOSIT MISCELLANEOUS
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1.It is a Suspense Head under the Major Head 3002 - Indian Railways Commercial Lines.
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1. It is a Suspense Head under the Major Head 8445 - Indian Railways Deposits.
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2. It records all DEBITS of transactions which cannot be booked directly to the final heads of accounts for want of allocation, inter-dept. transactions awaiting acceptance, Debit balance in Reserve Bank Suspense (RBS), etc at the end of the year.
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2. It records all CREDITS like miscellaneous deposits made to Railways like Security Deposit, EMD, Court attachment recoveries, Deposit Works amount paid by concerned persons etc.
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3. It always shown as Debit Balance.
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3. It always shown as Credit Balance
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4. The Balance under this Head should be examined to see "That there are no Credit Items"
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4. The Balance under this Head should be examined to see "That there are no Debit items"
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5. Direct Credit cannot be booked to this Head, unless there is corresponding Debit already there.
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5. Direct Debit cannot be booked to this Head, unless there is a corresponding Credit already there.
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