Students will be able to distinguish acquittence register from attendance register.
Introduction
School Records are official documents and files containing essential information of actions and events which are kept and preserved in the school office for utilization and retrieval of information when needed.
Acquittance register is one of such records that a school / Institution must be kept in the school.
It is a type of financial records usually maintained by a school
Since it is a financial document which shows the details of payment to the staff in the educational Institution
It is necessary to mention that no staff member should sign the register without receiving his salary
Must shows the name and designation of the staff and the net amount payable
An Acquittance register should contain the following items
Serial Number
Name of the staff with designation
Academic approval qualification
Date of appointment
Payband scale , grade pay, and pay in the payband
Allowance details ( HRA,DA,MA)
Deduction(loan recovery, profession tax, income tax)
Total deduction
Net amount payable
Signature of payee with date
Remarks
Importance
Keeping Acquittance register will be helpful for the information for financial decision making
It gives information about past events related to salary
These informations will help in the financial decision making and taking actions , if any problem or disparities arises regarding the salary reduction or tax.
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