Page 292 - Account 10

d. A cheque of Rs.70,000 was issued to Syakar Company on 2075-6-17 as an
advance for the supply of generator.
e. A cheque of Rs. 15,000 is issued against the purchases of furniture on 2075-
6-20.
f. Advance given to Syakar Company was cleared on 2075-6-25 by paying a
cheque of Rs.5,000 for the balances on receipt of generator worth Rs.75,000.

24. On the basis of the following information regarding annual appropriation and
position of expenditure, prepare Budget Sheet for the month of Magh,2075.
a. The annual appropriation and the expenditure till the end of Poush are as
given below.
Budget Budget Heads Annual Expenditure
Head No. Appropriation (Rs.) upto the Poush
21111 Salary 1,80,000 90,000
21112 Local Allowance 18,000 10,000
22121 House Rent 72000 36,000
22311 Office Expenses 50,000 20,000
22612 Travelling Expenses 15,000 8,000
22711 Miscellaneous Expenditure 5,000 3,000
29221 Building Construction 1,20,000 75,000
29311 Furniture & Fixtures 60,000 40,000
29411 Vehicle 80,000 55,000
Total 6,00,000 3,37,000
b. Magh-1, created Petty Cash Fund of Rs. 1000 under the responsibility of
Assistant Accountant Mr. Rudra Kami.
c. Magh-10, Rs. 5,600 was advanced to S.O. Mr. Ratan Praja comprised of Rs.
5000 for office materials and Rs. 600 for travelling expenses.
d. Magh- 15, Rs. 5,000 paid to Padma Shree Furniture against purchase of
office furniture.
e. Magh -20, advance given to S.O. Mr. Praja was cleared with the necessary
reimbursement of Rs. 400 by approving the bills of Rs. 5200 for office
materials and Rs. 800 for travelling expenses produced by him.
f. Magh-25, paid Rs. 5000 and Rs. 2000 respectively for materials and wage
incurred for the construction of office building.
g. Magh-30, reimbursement of petty expenditures of Rs. 15 postage and
stamps, Rs. 30 for printing, Rs. 12 for refreshment and Rs. 13 for newspaper
was made by issuing a cheque.
h. Magh-30, out of the salary of Rs. 15,000 for the month of Magh, the balance
distributed after deducting 1500 as personnel provident fund and Rs. 500
as provident fund loan by cheque. The deductions were deposited in the
respective accounts on the same day.

Note: i. Petty cash fund establishment is not recorded in budget sheet.
ii. Only the gross amount of salary is recorded in budget sheet.

Budget Sheet
Aakar’s Office Practice and Accountancy - 10
293
292
292 Aakar’s Office Practice and Accountancy - 10 Monthly Statement 293