Page 309 - Account 10

Additional Information :
1. According to Bank Cash Book of Magh, Bank balance was Rs. 39,000 and
cash balance is zero.
2. As per the loan account, Rs. 20,000 was yet to be paid. The office loan given
Rs. 55,000 to others and it is not yet collected.
3. Petty Cash Book balance was Rs. 500.
4. In the advance account column of Bank Cash Book, Rs. 2000 was shown in
the advance given column and Rs. 1,300 was shown in the advance cleared
column.
5. Security deposit amounting to Rs. 15,000 received from a contractor for
supply of vehicles is not yet refunded.
6. Total of revolving fund till Magh was Rs. 31,97,000
Required:
a. Total expenditure upto Magh Ans: Rs. 31,37,500
b. Budget balance Ans: Rs. 22,82,500
c. Revolving fund balance Ans: Rs. 5,17,000
d. Net expenditure Ans: Rs. 31,36,800
7. Based on the following particulars, prepare Bank Reconciliation Statement
for the month of Falgun. Bank Statement at the end of Falgun showed the
bank balance of Rs. 1,20,000 and on the same date, Bank Cash Book revealed
the bank balance of Rs. 1,10,500 for the same transactions while scrutinising
the transactions, the following facts were found:
a. The following cheques were issued but not cashed till the end of Falgun:
Cheque no. 03567 of Rs. 12,000 against the purchase of office materials
Cheque no. 03568 of Rs. 8,500 against the purchase of other materials.
b. Rs. 500 deposited into bank on 10-11-075 being cash returned in course of
advance clearance was recorded by the bankers as Rs. 5,000.
c. A cheque of Rs. 15,000 received as the repayment of inter-office loan from
a nearby office, was deposited but not collected till the end of the month.
d. Bank charge of Rs. 500 debited by bank was omitted in the Bank Cash Book
to record.

S.L.C/SEE Examination Questions.
8. Why is monthly statement prepared? Describe any four points of importance in
brief. (2059‘R’)
9. Introduce Monthly Statement and describe its four kinds. (2063 ‘R’)
10. What is it called to the monthly report prepared in government accounting
system? 2067(S)
11. Prepare statement of expenditure for the month of Ashoj, 2068 Office of District,
Development Committee, Rupandehi from the following particular. 2068(R)

308 Aakar’s Office Practice and Accountancy - 10 Monthly Statement 309