Page 194 - Office Practice and Accounting 10

AGF No. 10
Government of Nepal
District Education Office, Kathmandu
JV No:......
Date: .......................
Code B.H. Debit Credit
No. Particulars L.F. No. (Rs.) (Rs.)
Dr. Nepal Rastra Bank 5,00,000
Cr. Initial revolving fund 5,00,000
(Being initial revolving fund received)
Total 5,00,000 5,00,000
Receipt No. : ........... Cheque No. : ...........
Received amount : ........... Cheque amount : ...........
Submitted by : ........... Approved by : ...........
Position : ........... Position : ...........
Date : ........... Date : ...........
2. Budget release
Operating level office carries out its operating expenses out of the imprest fund. At the
end of every month, a statement of expenditure, bank cash book and other necessary
statements are submitted to the concerned central level office through the office of
the Treasury and Comptroller. On the basis of submitted documents and necessary
formalities, operating level office receives budget release order and bank order for the
actual expenditure of the previous month. Though sometimes the bank order may or
may not be issued reviewing the position of fund but budget release order should
be made for expenditure incurred. Budget release order refers to reimbursement of
actual expenditure of previous month. In case of difference in the amount of budget
release and bank order, the difference is adjusted to revolving fund account.
Three conditions of budget release are discussed below:

I. If budget release order and bank order are equal.

Government of Nepal
…………………Office/Department/Ministry AGF No. 10
Date: Chaitra -10 J.V.No.:
Code B.H. Debit Credit
No. Particulars L.F. No. (Rs.) (Rs.)
Dr. Nepal Rastra Bank
Cr. Budget Release
(Being budget order and bank order
received.)
Total

188 Office Practice and Accounting 10