Page 300 - Office Practice and Accounting 10

4. Following information is given :

Expenditure up to
Budget Head Annual Budget Expenses of Kartik
Aswin
Salary 2,00,000 80,000 30,000
Allowance 10,000 6,000 1,000
Rent 50,000 20,000 4,000
Office suppliers 50,000 25,000 4,000
Furniture 70,000 20,000 –

Additional information:

i. Total revolving fund received Rs. 2,00,000
ii. Petty cash fund balance Rs. 1,000
iii. Deposit from furniture supplier Rs. 5,000
Required: Statement of expenditure for the month of Kartik shown:
i. Amount of bank balance
ii. Budget release in each budget head.
iii. Budget balance in each budget head.
iv. Total expenditure up to Kartik in each budget head.

AGF NO. 13
Government of Nepal
............ Office / Department / Ministry
Statement of Expenditure for the month of Kartik
Expenses up
Expenditure Allotment till B.H. Budget heads Annual to the month Balance
the month of
of Kartik No. budget budget
Kartik of Kartik
30,000 80,000 21111 Salary 2,00,000 1,10,000 90,000
1,000 6,000 21112 Allowance 10,000 7,000 3,000
4,000 20,000 22121 Rent 50,000 24,000 26,000
4,000 25,000 22211 Office suppliers 50,000 29,000 21,000
– 20,000 29311 Furniture 70,000 20,000 50,000
39,000 1,51,000 Total 3,80,000 1,90,000 1,90,000
49,000 Imprest fund balance – – –
2,00,000 3,80,000 1,90,000 1,90,000

Position of Fund
Total revolving fund up to Kartik Rs. 2,00,000 Bank balance Rs. 9,000
Total expenditure up to Kartik Rs. 1,90,000 Cash balance Rs. 1,000
Un-cleared amount of advance Rs. 10,000 Total balance Rs. 10,000
Actual expenditure after adjusting
advance Rs. 1,90,000 (–) Loan payable Rs. Nil
(+)Loan receivable Rs. Nil
Working Notes:

294 Office Practice and Accounting 10