Page 308 - Office Practice and Accounting 10

12. The following particulars are given:

Expenditure up to
Annual Budget Budget Head Expenditure of Ashwin
Bhadra
4,26,000 Salary 66,000 63,000
24,000 Allowance 4,000 2,000
40,000 Office supplies 8,000 4,000
60,000 Other materials 16,000 10,000
48,000 Furniture 20,000 8,000
8,000 Contingencies - -
6,06,000 Total 1,14,000 87,000

Additional information:

i. Total imprest fund received Rs. 2,15,000
ii. Petty cash fund balance Rs. 1,000

iii. Unclear furniture advance Rs. 8,000
Required: Statement of expenditure showing balance at bank.

Ans: Bank Balance Rs. 13,000; Cash Balance Rs. 1,000

13. From the following transactions, prepare monthly expenditure report for the
month of Asar.

Expenditure up to Expenditure up to
Budget Head Annual Budget
Jestha Ashad
Salary 50,000 26,000 32,000
Communication 6,000 2,500 3,500
Fuel 12,000 5,000 7,000
Office expenses 36,000 18,000 28,000
Miscellaneous 18,000 1,000 9,000

Additional information

i. Amount received on revolving fund to date Rs. 1,25,000.

ii. Balance shown by petty cash book Rs. 500.

iii. Advance column of bank cash book showed Rs.13,000 in debit side and Rs.
4,000 in credit side respectively.
Ans: Total release Rs. 125,000; Bank balance Rs. 45,000; Actual expenditure Rs. 70,500

302 Office Practice and Accounting 10