Page 264 - Account 10

cashbook should also be closed at the end of each fiscal year. In the Nepalese government
offices, the fiscal year begins from the 1 of Shrawan each year and is ended at the end
st
of Ashadh in the next year. Every ledger of bank cash book should be closed by making
closing vouchers as:
Closing of cash, if any;
i. Closing of Cash,
Dr. Treasury Single Account (TSA)
Cr. Cash
ii. Closing of Petty Cash Fund
Dr. Treasury Single Account (TSA)
Cr. Petty Cash Fund

iii. Clearance of advance (artificially)
Dr. B.E ................ (budget head)
Cr. Person (fake clearance of advance for budget head)
iv. While closing Budget Release, Budget Expenditures and TSA.
Dr. Total Budget Release
Cr. Total Budget Expenditure
Cr. Treasury Single Account (TSA)

8. Illustrative Problems and Solutions

Illustrations - 1
Enter the following transactions in the bank cash book of District Administration Office,
Jhapa for the month of Magh, 2075.
i. 1, opening bank balance Rs. 3,50,000.
ii. l, Rs. 500 given to Petty Cashier Mohan Lama through cheque no. 123 for creating
petty cash fund.
iii. 7, petty cash expenses of Rs. 120 on wages, Rs. 70. on stationery and Rs. 150 for services
were reimbursed by cheque no. 124.
iv. 10, paid Rs. 10,000 by cheque no. 125 to D R Simkhada, the President of Himalaya
Youth Society, as a grant.
v. 15, paid M/S Mohan Trader for the purchase of two heaters of Rs. 600 each by cheque
No 126.
vi. 18, paid by cheque no. 127 Rs. 40,000 against the purchase of some furniture items for
the office use.
vii. 24, advance of Section Officer, Mr. Gajendra Lal Pradhan was cleared against a bill of
7,500 for production materials and 1,500 for TADA.
viii. 28, issued a cheque no. 128 of Rs. 61,900 for the payment of the salary for the month of
Magh, after deducting Rs. 14,000 as PP Fund and 1,100 as income tax. These deductions
were deposited in the respective offices on the same day by cheque no. 129.
ix. 29, issued a cheque no. 130 of Rs. 30,000 for the rent to the landlord.

264 Aakar’s Office Practice and Accountancy - 10 Bank Cash Book 265