ANNUAL REPORT 2007-08
is where is basis” to Andhra Pradesh Industrial Development Corporation Limited upon vacation. The lease payments in respect of other premises including the premise occupied at Delhi recognized in the income and expenditure account is Rs. 16,57,283/- [Previous year
BOOK OVERDRAFT OF
Rs.14,71,955Authority is having a bank account with Bank of India, Basheer Bagh. There was a book overdraft of Rs.14,71,955 as on 31.03.2007. The same was clubbed under the head “Advance to staff and other including travel advance” in the Receipt & Payment Account for the year ended on 31.03.2007. The same has been carried forward and disclosed on the Payment side of Receipts and Payment Account as credit
Bank Balances as on 31.03.2008- There is a difference of Rs. 137614/- in the bank balance of Bank of India, Basheer Bagh. The difference has been charged to interest income.- There is a difference of Rs. 11264/- in the balance certified by ICICI Bank Ltd, Himayat Nagar Branch. The difference has been adjusted in the interest income. These differences will be reconciled during the financial year 2008-09. As result of these differences, interest income on deposit is overstated by Rs. 1,26,350/
10. PRIORYEAR COMPARATIVESPrevious year figures have been regrouped, wherever considered necessary to make them comparable with the current year’s figures.
(R K Sharma) Chief Accounts Officer
(J. Hari Narayan)