Page 320 - Account 10

GROUP ‘C’
C. Give long answer to the following questions: 3 × 10 = 30
14. What is Central Bank? Describe any eight functions of commercial bank. 10
15. Prepare the Goshwara Voucher (AGF No. 10) from the following transactions in
the book of District Administration Office, Chitwan. 10
On 2075/4/2, received revolving fund as Rs. 15,00,000 as equal to one sixth
of Rs. 90,00,000.
On 2075/4/8, advance for purchasing computer Rs. 50,000 is given to S.O.
Mr. Narayan Sharma through cheque no. 12001.
On 2075/4/11, paid Rs. 30,000 by cheque no. 12002 to Narayani Press against
the printing expenses of Introductory Book of Office.
On 2075/4/21, S.O. Mr. Narayan Sharma cleared the computer advance
amount receiving bill of Rs. 55,000 and paid the rest amount
by cheque no. 12003.
On 2075/4/29, paid Rs. 80,000 by cheque no. 12004 as the salary of staff
deducting Rs.18,000 provident fund and Rs.2,000 income tax.
16. The following are the details of expenditure relating to District Administration
Office, Gorkha. 10
Budget Annual Expenditure Expenditure
Head Budget Heads Appropriation upto of Ashwin
No Rs. Bhadra Rs. Rs.
21111 Salaries 4,50,000 1,50,000 40,000
22121 House Rent 30,000 10,000 4,500
22311 Official Expenses 70,000 25,000 4,000
22313 Book & materials 40,000 15,000 5,000
22612 Travelling Expenses 50,000 10,000 1,500
29311 Furniture & Fixtures 1,50,000 50,000 10,000
Total 7,90,000 2,60,000 65,000
Additional Information:
Revolving fund remaining is Rs 80,000.
Advance for furniture of Rs. 20,000 is not cleared.
Bank balance is Rs. 5,000.
Required:
Prepare the Statement of Expenditure for the month of Ashwin, 2075 showing
the following.
Expenditure upto Ashwin 3
Balance of budget 2
Cash balance 2
Total revolving fund release 2
Net expenditure 1
Ans: (i) Rs. 3,25,000/- , (ii) Rs. 4,65,000/-, (iii) Rs. 10,000/-,
(iv) Rs. 3,40,000/- , (v) Rs. 3,05,000/-

320 Aakar’s Office Practice and Accountancy - 10 Specification Grid & Model Questions PB