Government of India | Ministry of Finance
Office of the Controller General of Accounts
Data Analytics & Monthly Accounts Section
All Ministries and Departments are advised to review the following checkpoints to avoid common accounting errors that delay the finalisation of Annual Accounts:
| 1. | Budgetary Provision: Review all expenditures incurred without valid budgetary provisions. |
| 2. | Suspense Heads: Regularly review and take immediate action to liquidate balances under Suspense Heads. |
| 3. | NPS Transactions: Ensure the head 0071.01.500.01.00.00 is used for both subscription (credit) and transfer to NSDL (minus credit); the final balance must be NIL. |
| 4. | Major Head Restrictions: No expenditure should be booked under MH 2552, 4552, or 6552, except by the Ministry of Development of North Eastern Region. |
| 5. | Contingency Fund: No balance should remain under Major Head 8000 at the end of the Sy-I Accounts for 2025-26. |
| 6. | CGEGIS Accounting: Receipts for CGEGIS must be booked at the Minor Head level, while expenditure must be booked at the Sub-Head level (Saving/Insurance Fund). |
Educational Purpose Only: The information provided in this article is for general informational and educational purposes only.
Accuracy & Mistakes: While every effort has been made to ensure accuracy, human errors or omissions may occur.
No Liability: Under no circumstances shall the author or this website be held liable for any loss arising from the use of this information.
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