Page 209 - Account 10

Glossary

Revenue : income of the government
decentralization : providing rights to lower level employees
Consolidated fund : kind of fund received by government as a revenue, loan, donation, etc.
Budget : financial plan including revenue and expenses
Appropriation : separating /allocating the amount of budget
Imprest fund : revolving fund
Budget allocation : financial plan that distributes accordingly
Budget release : budget discharge
Leakage : escape, wastage
Operating level : functioning level
Reimburse : To compensate with payment
Transparency : Openness, clearness
Uniformity : lacking diversity, similarity
Auditor : a person who checks the account

Exercise

A. Answer the following questions in one sentence.
1. What is government accounting?
2. What is New Accounting System?
3. When was budgeting system introduced in Nepal?
4. When was an account committee formed?
5. From which fiscal year was New Accounting System started in Nepal?
6. Why is bracket used in accounting system?
7. What is Central Level Accounting?
8. Which institution does the final audit of government offices?
9. When was Kumari Chowk Adda established in Nepal? 2073(R)
10. What is the Office of Finance Comptroller General?
11. What is current expenditure?
12. Which institution does internal audit of Government Offices?
13. What type of ink is used by internal auditor and final auditor?
14. What is internal auditing?
15. Write the budget heading numbers of Transfer - TADA, Travelling and Daily
Allowance.
16. Who appoints Auditor General? 2074(R)
17. What is capital expenditure?
18. Which office prepares accounting forms used in government offices? 2068(R)
19. Who is the final auditor of company ? 2073, 2071(R)
20. Write the full form of AGF No. 2067 (S)
21. Who performs final audit of Government Office?
22. Which office prepares accounting forms used in Government Office of Nepal?
23. Under which ministry is the Office of Finance Comptroller General ? 2066(R)

208 Aakar’s Office Practice and Accountancy - 10 Government Accounting System 209