Page 304 - Office Practice and Accounting 10

4. Following information is given:

Expenditure up to Expenditure up to
Budget Head Annual Budget Poush Magh
Salaries 4,00,000 1,30,000 1,68,000
Electricity & Water 80,000 25,000 30,000
Fuel 60,000 20,000 25,000
Office material 90,000 30,000 40,000
Furniture 50,000 - 25,000
Total 6,80,000 2,05,000 2,88,000

Additional information:
i. Total revolving fund received: Rs. 3,40,000
ii. Petty cash balance: Rs. 1,000
iii. Advance salary: Rs. 10,000
Required: Statement of Expenditure showing the bank balance
Ans: Bank Balance = Rs. 51,000
5. The following information is given:

Budget Head Annual Budget Expenditure Up to Expenditure up to
Bhadra Ashwin
Salary 45,000 20,000 30,000
Food 6,000 2,000 2,000
Communication 10,000 5,000 6,000
Rent 40,000 2,000 5,000
Furniture 5,000 1,000 2,000
Miscellaneous 24,000 10,000 15,000
Total 1,30,000 40,000 60,000

Additional information:

i. Amount received on revolving fund Rs. 90,000.
ii. Petty cash balance Rs. 1,000.
iii. Advance shown by advance column of Bank Cash Book Rs. 5,000 and clearance
Rs. 1,000.
iv. Loan received from an office Rs. 2,000.
Required: Statement of expenditure for the month of Ashwin by showing.
i. Bank balance ii. Unclear advance
iii. Total expenses for the month of Ashwin only.
Ans: (i) Rs. 31,000 (ii) Rs. 4,000 (iii) Rs. 20,000

298 Office Practice and Accounting 10