Loan Account
As per para 12.19 & 12.20 of Punjab Budget Manual,all the balances being shown as receipts, payments, outstanding balances, adjustments etc. should invariably be reconciled by the concerned authorities/departments so that a clear picture of State Government account can be depicted.
Not reconciling the figures/balances must be avoided as non-adherence to the exercise of reconciliation/confirmation of balances may depict the wrong picture of the fiscal position of the State Government.