Page 306 - Office Practice and Accounting 10

8. From the following transactions, prepare monthly expenditure report for the
month of Marg 2055.

Expenditure of Marg Expenditure up to
Budget Head Annual Budget
(Rs.) Kartik
Salary 3,00,000 25,000 1,00,000
Water & Electricity 60,000 4,000 20,000
Rent 1,20,000 12,000 48,000
Furniture 30,000 15,000 5,000
Repairs & Maintenance 40,000 10,000 15,000
Total 5,50,000 66,000 1,88,000

Additional information:

i. Amount received on revolving fund Rs. 2,60,000
ii. Petty cash balance Rs. 500
iii. Unlearned furniture purchase advance Rs. 10,000
Ans: (i) Balance at bank at end = Rs. 5,500; (ii) Total expenditure upto Marga = Rs. 254000

9. Following information is given to you:

Expenditure Rs.
Budget Head Annual Budget
Up to Bhadra Of Ashwin
Salary Rs. 1,70,400 Rs. 26,400 Rs. 25,200
Rent Rs. 36,000 Rs. 6,000 Rs. 6,000
Office Supplies Rs. 25,000 Rs. 7,000 Rs. 2,000
Furniture Rs. 30,000 Rs. 10,000 –
Vehicle Rs. 80,000 – Rs. 75,000

Additional information:
i. Total revolving fund received Rs. 1,65,000
ii. Petty cash fund balance Rs. 400
iii. Deposit form furniture supplies Rs. 3,000
iv. Motor cycle purchase advance Rs. 75,000
Required: Statement of Expenditure (AC/F No 13.)
Showing: i. Amount of bank balance.
ii. Budget release in each budget head.
iii. Budget balance in each budget head.
iv. Total expenditure up to Aswin in each budget head.
v. Net total expenditure.
Ans: Balance at bank Rs. 10,000 (with deposit); Net expenditure Rs. 82,600

300 Office Practice and Accounting 10