Page 288 - Account 10

Glossary

Appropriation : distribution
Reimbursement : to pay back
Budget release section : part of budget sheet that show account of budget heads
Beyond the limit : away from the limit
Clearance of advance : advance, cleared
Estimation of budget : forecasting the budget
Transfer of budget : transfer of budget from surplus head to deficit head

Exercise

A. Answer the following questions in one sentence.
1. What is budget sheet? 2068(R)
2. What is budget release part?
3. What is annual appropriation part of budget sheet?
4. What is AGF No. of budget sheet? 2070(S), 2069
5. Which is the second part of budget sheet?
6. What is the last part of budget sheet?
7. How many parts are divided of budget sheet ? 2066(R)
8. Write the name of any two parts of Budget sheet. 2071 (R), 2065(S)
9. What is budget transfer? 2068(R)
10. In which part of budge sheet is the additional revolving fund release recorded?
2073(S)
11. In which part of budget sheet does record the interhead transfer? 2072(R)
B. Give short answers to the following questions.
12. Introduce budget sheet and write any four considerations of preparing budget
sheet. 2073(S)
13. Introduce budget sheet and explain any four point of importance of budget sheet.
14. What is a budget sheet, AGF No. 8? Why it is prepared?
15. What are the different parts of a budget sheet? Introduce shortly about each of
them. 2074(R), 2072(S)
16. Introduce Budget Sheet and mention the transactions included in the annual
appropriation and budget release part of it. 2066(S)
17. What is budget Sheet ? Mentions any four methods of Budget Sheet. 2065(R)
18. Why is budget sheet prepared? What are the informations provided by its three
parts? 2071(S)
NUMERICAL PROBLEMS

19. Prepare Journal Voucher and Budget Sheet of the following transactions which
were appeared in the book of District Administration Office, Bhaktapur.
a. On 2075-4-3, due to the non receipt of budget allocation, from the District
Office of the Treasury and Comptroller, and initial revolving fund equal to
1/6 of the last year’s budget expenditure of Rs. 6,00,000 has been received.
th

288 Aakar’s Office Practice and Accountancy - 10 Budget Sheet 289