Page 303 - Office Practice and Accounting 10

2. Following informations is given :

Expenditure up to
Budget Head Annual Budget Expenditure of Chaitra
Falgun
Salaries 4,50,000 3,00,000 38,000
Traveling expenses 50,000 32,000 5,000
Electricity and water 20,000 15,000 1,000
Miscellaneous 1,40,000 95,000 12,000
Furnitures 75,000 70,000
Machinery and tools 2,25,000 2,00,000
Total 9,60,000 7,12,000 56,000
Additional information:
i. Total current revolving fund received Rs. 9,20,000
ii. Petty cash fund balance Rs. 1,000
iii. Traveling expenses advance Rs. 2,000
Required: Statement of expenditure showing balance at bank.
Ans: Bank Balance: 1,51,000; Cash Balance: Rs. 1,000; Total Balance: 1,52,000

3. Following particulars are given:

Expenditure up to Expenditure up to
Budget Head Annual Budget Poush Magh
Salaries 3,00,000 1,80,000 2,00,000
Allowance 60,000 30,000 35,000
Rent 72,000 36,000 40,000
Telephone 24,000 12,000 15,000
Office supplies 1,00,000 40,000 60,000
Furniture 1,00,000 60,000 60,000
Total 6,36,000 3,58,000 3,58,000

Additional information:

i. Total revolving fund received: Rs. 4,60,000
ii. Petty cash balance: Rs. 2,500
Required: Statement of expenditure showing balance at bank
Ans: Bank Balance = Rs. 47,500

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