Page 225 - Account 10

Depositing the cash into the bank

Code No. Particulars L.F. B. H. No. Debit Credit
Dr. Treasury Single Account (TSA) 5,000
Cr. Cash 5,000
(Being cash deposited into bank)
5,000 5,000
ii. Returning the excess amount through bank
On 20 Falgun, 2075, Officer Mr. K.B. Khadka submitted the bill of expenditure
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for Rs. 35,000 along with the bank voucher for the excess of Rs. 5,000 and the clearance
is made.

Solution:

Code No. Particulars L.F. B. H. No. Debit Credit
Dr. B.E. Furniture & Fixtures 29311 35,000
Dr. Treasury Single Account (TSA) 5,000
Cr. Officer Mr. K.B. Khadka clearance of 40,000
advance for Furniture & Fixtures
(Being advance cleared by approving the
submitted bill and bank voucher)
40,000 40,000
C. Miscellaneous Journal Voucher
The journal vouchers for all the transactions other than general expenditure, advance
expenditure and their clearance are categorized as miscellaneous journal vouchers. A
large variety of transactions come under this type. They are as follows:
a. Budget release or disbursement/Revolving Fund/Imprest Fund
b. Deductions from salary c. Petty cash fund and its reimbursement
d. Security deposit and contract tax e. Rectification of errors
f. Budget transfer g. Closing journal vouchers
a. Budget Release or Disbursement
Before the first year 2051-052, the approval of budget used to be released to all the
government offices and projects on the basis of four monthly budget release system in
accordance with the `Financial Administration Regulations 2042’ and ‘Procedural Rules
for Government Income and Expenditure 2038’. The offices faced the shortage of fund in
the execution of activities. Then the system of budget release, which is a combination of
Four Monthly Budget Release and the Imprest System of Revolving Fund, adopted from
fiscal year 2051/052, is called the “Fund Re-imbursement Release System”.

i. While Receiving Imprest/revolving fund release
Revolving fund is the fund created in the account of an operating level office by the
district level office of the Treasury and Comptroller in the beginning of the fiscal years
with an amount equal to 1/6 of the current year’s appropriation of budget.
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224 Aakar’s Office Practice and Accountancy - 10 Journal Voucher 225