CHAPTER IV REMITTANCE TRANSACTIONS-INDIA A.INTRODUCTORY 401. Classification of transactions :- Transactions between the Railway Ministry and other ministries or States which are settled through the Central Accounts Section of the Reserve Bank are referred to in this Code as "Remittance Transactions". The transactions between the Railway Ministry and the Pay and Accounts Officers which are settled through the issue of cheques or Government drafts are referred to as "Pay & Accounts" transactions. All inter railway transactions are technically known as "Transfer Transactions" and are referred to as such in this code. 402. Settlement of transactions :- As a general rule all transactions between two different accounting units in the same railway or between two railways (excluding company worked railways) should be settled by book adjustment (i. e. not by actual payment or recovery of cash). With the departmentalisation of Government Accounts the ...