Page 318 - Account 10

GROUP ‘C’
C. Give long answer to the following questions: 3 × 10 = 30
14. What is Central Bank ? What is the name of the Central Bank of Nepal ? Describe
any six functions of Central Bank.
15. Prepare Goshwara Voucher AGF No. 10 of District Administration Office,
Dolpa from the following transactions.
On 2074/4/5, received bank order of Rs. 9,00,000/- as revolving fund
release.
On 2074/4/15, the telephone charge Rs. 7,000/- for the month of Asar was
paid through cheque no. 01234.
On 2074/4/17, storekeeper K. Pradhan was paid an amount of Rs. 1,20,000/-
as an advanced for the purchase of office furniture through
cheque no. 01235.
On 2074/4/27, office furniture purchase advanced of storekeeper K. Pradhan
Rs. 1,20,000/- has been cleared against the bills for purchase
of Rs. 1,25,000/- by issuing cheque no. 01236 for the balance
amount.
On 2074/4/30, out of total salary to staff Rs. 2,50,000/- for the month of
Shrawan Rs. 25,000/- were deducted as provident fund and
the balance was distributed by issuing a cheque no. 01237.

16. Prepare statement of expenditure for the month of Ashoj 2074, Office of District
Development Committee, Rupandehi from the following particulars.
Budget Annual Expenditure Expenditure
Head Budget Heads Appropriation upto of Ashoj Rs.
No Bhadra Rs.
21111 Salary 5,00,000/- 1,70,000/- 40,000/-
21123 Medical Allowance 45,000/- 18,000/- 6,000/-
22121 House Rent 90,000/- 20,000/- 7,000/-
27312 Gratuity 25,000/- 10,000/- –
29311 Furniture & fixtures 20,000/- 7,000/- 2,000/-
22911 Contingencies 35,000/- 12,000/- 5,000/-
Total 7,15,000/- 2,37,000/- 60,000/-
Additional informations :
Revolving fund balance Rs. 1,70,000/-.
Uncleared furniture advanced Rs. 4,000/-.
Petty cash fund established Rs. 3,000/-.
Show the following:
(i) Total budget release (ii) Total expenditure upto Ashoj
(iii) Net expenditure less uncleared advance
(iv) Bank balance (v) Budget balance
Ans: (i) Rs. 4,07,000; (ii) Rs. 2,97,000; (iii) Rs. 2,93,000;
(iv) Rs. 1,07,000; (v) Rs. 4,18,000

318 Aakar’s Office Practice and Accountancy - 10 Specification Grid & Model Questions 319