Page 309 - Office Practice and Accounting 10

14. The following information is given:

Expenditure up to
Budget Head Annual Budget Magh Expenditure of Falgun
Salary 4,00,000 90,000 60,000
Allowance 8,000 1,800 600
Traveling expenses 40,000 8,000 4,000
Office Material 36,000 9,000 4,000
Machinery 2,80,000 79,000 31,400
Total 7,64,000 1,87,800 1,00,000

Additional information:

i. Total revolving fund received Rs. 4,24,000.
ii. Petty cash fund balance Rs. 100.
iii. Unclear traveling expenses advance for Rs. 2,600.

Required: Statement of Expenditure showing the bank balance.
Ans: Bank balance Rs. 1,36,100; Net expenses Rs. 2,85,200

15. Following information is given:

Expenditure up to Expenditure up to
Budget Head Annual Budget Baishakh Jestha
Salary 1,00,000 70,000 10,000
Traveling expenses 20,000 14,000 2,000
Office materials 12,000 8,000 1,000
Rent 10,000 8,000 500
Furniture 30,000 22,000 4,000

Additional information:
i. Total imprest fund received Rs. 1,60,000.
ii. Petty cash balance Rs. 500.
iii. Unlearned traveling expenses advance Rs. 5,000.
iv. Deposit received from contractor Rs. 6000
Required: Statement of Expenditure Report for the month of Jestha
Ans: Bank balance (except deposit) Rs. 20,000 (with deposit Rs. 26,000); Cash balance 500

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