Recovery of Defrauded Amount in Post Office | Loss and Defalcation Amount Recovery GL (General Ledger) Codes
Folowing entries are to be passed henceforth in all future cases :-
1) In case of money or stamps lost or stolen from the cash balance, remittance in transit,the following accounting entries may be passed in the system immediately when the loss or defalcation is discovered
GL Code - 4855300100 - Postal Advances Railway mail Debit
GL Code - 4867100010 - DOP Cash Credit
2) In case of officials at fault credits the money that was found to have been identified with defalcation and losses.
GL Code :- 4867100010 - DOP Cash Debit
GL Code :- 8855300100 - Postal Advance Railway mail Credit
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