Page 307 - Office Practice and Accounting 10

10. Following information is given:

Expenditure up to
Budget Head Annual Budget Expenditure of Kartik
Ashwin
Salary 2,00,000 80,000 30,000
Allowance 10,000 6,000 1,000
Rent 50,000 20,000 4,000
Office Supplies 50,000 25,000 4,000
Furniture 70,000 20,000 ---

Additional information:
Total revolving fund received Rs. 2,00,000
Petty cash fund balance Rs. 1,000
Deposit from furniture suppliers Rs. 5,000
Required: Statement of expenditure for the month of Kartik showing:
i. Amount of bank balance
ii. Budget release in each budget head
iii. Budget balance in each budget head
vi. Total expenditure upto Kartik in each budget head
Ans: Bank balance Rs. 14,000 (with deposit); Total expenditure up to Karitk Rs. 1,90,000

11. The following information is given:

Expenditure up to Expenditure up to
Budget Head Annual Budget Falgun Chaitra
Salary 3,00,000 1,80,000 2,10,000
Allowance 40,000 25,000 35,000
Telephone charges 90,000 16,000 22,000
Office material 25,000 12,000 13,000
Furniture 20,000 16,000 16,000
Vehicles 60,000 - 50,000

Additional information:

i. Amount received on revolving fund Rs. 3,70,000.
ii. Petty cash balance Rs. 500.
iii. In Chaitra, advance shown by advance column on Bank Cash Book Rs. 3,000
and clearance Rs. 1,200.
Required: Prepare monthly expenditure report for the month of Chaitra showing net
expenditure and bank balance
Ans: Balance of bank Rs. 23,500

Office Practice and Accounting 10 301