Receipt and Payment should have been recorded
Mr. Ratnakar, nephew of Late Sathya Sai Baba was reported to have said: "The Sathya Sai trust is the ’most transparent’ trust and we go by all statutory requirements." Blogger's views How a 'most transparent' Trust would have handled the accounting of the Rs. 35 lacs sent in car and intercepted by Police? A Transparent Trust would have recorded the receipt of the donations from the devotees for construction of the tomb, in its Cash/Bank Account on debit side. (The Sathya Sai Trust claims that it gets all its donations in the form of cheques. Ok, assuming that receiving cash is an exception, the receipt ought to have been recorded in its Cash Receipt Books.) A payment by means of cheques should have then been made to the contractor building the tomb i.e. Shankar Narayana Consultancy, Bangalore. This Transparent Trust, instead, chose to directly send cash to the consultant. What prevented the Trust from issuing cheque to the Consultant? A Contractor or a Constru...