Page 286 - Account 10

Illustration - 3
Based on the following information regarding annual appropriation and position
of expenditure, prepare Budget Sheet of Custom Office, Biratnagar for the month of
Mangsir, 2074.

Annual Appropriation Expenditure upto the
Budget heads
(Rs.) end of Kartik (Rs.)
Salary 360,000 1,20,000
Local Allowance 60,000 20,000
Water and Electricity 24,000 8,000

Other Rent 4,500 1,500
Repairs and Maintenance 12,000 4,000
Subsidy for financial corporation (capital) 60,000 20,000
Production Materials and Services 30,000 10,000
Travelling Expenses 48,000 16,000
Purchase of Land 45,000 15,000
Furniture and Fixtures 60,000 20,000
Vehicle 90,000 30,000

Machinery Equipments 90,000 90,000
Building Construction 3,00,000 1,00,000
Contingency Expenses 12,000 4,000
Mangsir 4, paid by cheque Rs. 10,000 to Bharatpur Saving and Credit Co-
operative Ltd. for purchase of equipments as subsidies.
Mangsir 10, paid Rs. 2,000 to electricity authority as electricity charges.

Mangsir 18, expenses of Rs. 5,000 for wages and Rs. 10,000 for materials were paid
by cheque for the construction of office building.

Mangsir 20, an advance of Rs. 52,000 being Rs. 50,000 for machinery and Rs. 2,000
for TADA was paid to S.O. Mr. Upadhyaya by cheque.

Mangsir 29, the bills of Rs. 65,000 of machinery with Rs. 5,000 transportation charge
for the same and Rs. 2,000 for TADA produced by Mr. Upadhyaya
and clearance was given to him with necessary reimbursement.

286 Aakar’s Office Practice and Accountancy - 10 Budget Sheet 287