Page 310 - Office Practice and Accounting 10

16. Following information is given:

Expenditure up to Expenditure of
Budget Head Annual Budget
Kartik Mangsir
Salary 3,50,000 1,60,000 30,000
Traveling expenses 30,000 - 15,000
Office expenses 40,000 15,000 5,000
Furniture 30,000 20,000 -
Rent 60,000 20,000 5,000
Total 5,10,000 2,15,000 55,000

Additional information:

i. Total revolving fund received Rs. 4,20,000.
ii. Petty cash balance Rs. 500.

iii. Uncleared advance for rent Rs. 5,000.
Required: Statement of Expenditure showing the Bank Balance.

Ans: Balance at Bank Rs. 1,49,5000. Total expenditure up to Marga Rs. 2,70,000, Cash Balance Rs. 500

17. Following particulars are given:

Expenditure up to
Budget Head Annual Budget Expenditure of Magh
Poush
Salary 10,00,000 4,50,000 50,000
Allowance 1,00,000 45,000 5,000
Office supplies 50,000 25,000 3,000
Rent 60,000 30,000 6,000
Furniture 1,20,000 1,00,000 -

Additional information:

i. Total revolving fund received Rs. 8,50,000
ii. Petty cash fund balance Rs. 2,500

Required: Statement of Expenditure showing balance at bank.
Ans. Bank Balance Rs. 1,33,500

304 Office Practice and Accounting 10