Page 301 - Account 10

Illustration - 2
Prepare an expenditure report for the month of Chaitra, 2074 from the given information below.

Annual Expenditure upto the Expenditure during
Budget Heads
Appropriation end of Falgun the Month of Chaitra
Salary 7,90,000 5,40,000 60,000
Medical Allowance 50,000 30,000 7,000
Water and Electricity 20,000 14,000 1,000
Communication Charges 24,000 16,000 3,000
Office Expenses 45,000 28,000 6,000
House Rent 72,000 44,000 5,500
Fuel 18,000 12,000 3,000
Miscellaneous Expenses 5,000 5,000 -
Purchase of Land 1,80,000 1,50,000 -
Vehicle 2,00,000 - 2,00,000
Machineries & Equipments 1,30,000 88,000 12,000
Building Construction 4,50,000 3,00,000 1,00,000
Additional information:
i. Total Revolving Fund upto the end of Chaitra was Rs. 17,50,000.
ii. It was shown Rs. 20,000 cash balance and Rs. 1,300 petty cash fund balance at the end
of Chaitra.
ui. Rs. 10,000 is to be returned from a nearby office.
iv. An LC opened on 5 of Chaitra of Rs. 2,00,000 in the name of Xinha Co. China for
th
purchasing a car for office use. The car has not been received yet.
Solution:
Government of Nepal AGF No. 13
Office/Department/Ministry
Statement of Expenditure
For the month of Chaitra, 2074
Expenditure Release upto Budget Expenditure
Annual
of the month the end of Head Budget Heads Appropriation upto the end of Balance
Budget
of Chaitra Chaitra No. Chaitra
60,000 540,000 21111 Salary 7,90,000 6,00,000 1,90,000
7,000 30,000 21123 Medical Allowance 50,000 37,000 13,000
1,000 14,000 22111 Water and Electricity 20,000 15,000 5,000
3,000 16,000 22112 Communication Charges 24,000 19,000 5,000
5,500 44,000 22121 House Rent 72,000 49,500 22,500
3,000 12,000 22211 Fuel 18,000 15,000 3,000
6,000 28,000 22311 Office Expenses 45,000 34,000 11,000
- 5,000 22711 Miscellaneous Expenses 5,000 5,000 -
- 1,50,000 29111 Purchase of Land 1,80,000 1,50,000 30,000
1,00,000 3,00,000 29221 Building Construction 4,50,000 4,00,000 50,000
2,00,000 - 29411 Vehicle 2,00,000 2,00,000 -
12,000 88,000 29511 Machineries and Equipments 1,30,000 1,00,000 30,000
3,97,500 12,27,000 Total Rs. 19,84,000 16,24,500 3,59,500
- 5,23,000 Revolving fund balance
3,97,500 17,50,000 _ Total 19,84,000 16,24,500 3,59,500

300 Aakar’s Office Practice and Accountancy - 10 Monthly Statement 301