Classification of Account Codes into Assets, Liabilities, Income & Expenditure Groups - KPTCL
The Accounts are basically classified into four categories
- Assets
- Liabilities
- Income
- Expenditure
The Income, Expenditure, Assets and Liabilities of the Board are accounted on accrual basis i.e. as and when they accrue.
The Group wise Classification of Account codes are as follows:
A) ASSET ACCOUNT GROUP:
All these account groups should always carry DEBIT BALANCE with exception in respect of Account Codes: 22.510, 22.810, 23.113, 23.114, 27.101, 27.102, 27.103, 27.104, 31.2, 32.2, 32.5, 36.2 and 37.2.
- 10 - Fixed Assets
- 14 - Capital Work-in-Progress
- 15 - Assets at construction stage
- 16 - Assets not in use
- 17 - Deferred costs
- 18 - Intangible Assets
- 20 - Investments
- 22 - Materials Stock and Related Accounts
- 23 - Receivables Against Supply of Power
- 24 - Cash and Bank
- 25 - Advance to Suppliers
- 26 - Advance to Contractors
- 27 - Other Loans and Advances
- 28 - Sundry Debtors (Trading)
- 31 - IUA - Materials
- 32 - IUA - Capital Expenditure & Fixed Assets
- 33 - IUA - Remittances to Head office
- 34 - IUA - Funds Transfer from Head office
- 36 - IUA - Personal
- 37 - IUA - Other Transactions / Adjustments
All these account groups should always carry CREDIT BALANCE except in respect of 44.110, 44.120 and 44.140.
- 12 - Provision for Depreciation on Fixed Assets
- 41 - Liability for Purchase of Power
- 42 - Liability of Supplies/Works
- 44 - Staff related liabilities and provisions
- 46 - Other liabilities and provisions
- 47 - Deposit for works
- 48 - Deposits from consumers and interest payable on deposits
- 50 - Borrowings for working capital
- 51 - Payments due on capital liabilities
- 52 & 53 - Capital liabilities(Other than State Govt. Loans)
- 54 - Funds from State Government
- 55 - Contributions, Grants and Subsidies towards Cost of Capital Assets
- 56 - Reserves
- 57 - Reserve Funds
- 58 - Surplus
C) INCOME ACCOUNT GROUP
All these account groups should always carry CREDIT BALANCE
D) EXPENDITURE ACCOUNT GROUPS:
- 61 - Revenue from sale of power
- 62 - Other income
- 63 - Subsidies and Grants (Revenue)
- 65 - Prior period income
All these account groups should always carry DEBIT BALANCE except in respect of the account codes 71.9, 74.9, 75.9, 76.9, 76.282, 77.9, 78.9, 79.110, 79.9 etc., which are exception to Revenue Expenditure Account.
- 70 - Power Purchase Account
- 71 - Cost of Generation of Power
- 74 - Repairs and Maintenance
- 75 - Employee Costs
- 76 - Administration and General Expenses
- 77 - Depreciation and Other Costs Relating to Fixed Assets
- 78 - Interest and Other Finance Charges
- 79 - Other Debits to Revenue Accounts
- 80 - Interest on Belated Payment of Power Purchase Dues
- 81 - Provision for Income tax for the Year
- 83 - Prior Period Expenses/ Losses
