Note on Preparation of Bank Cash Book

  • Note
  • Things to remember
  • Exercise
  • Quiz

Bank cash book is a general ledger which is prepared on the basis of journal vouchers. The general rules for making debit and credit transaction must be followed while posting the transaction from journal voucher to bank cash book. The bank cash book is prepared by posting the transactions from the following journal vouchers:

Posting from the journal voucher for budget expenditure transactions

The journal voucher for budget expenditure is known as the journal voucher which is prepared to record the transactions relating to budget expenditure. It records the payment for budget expenditures like salaries, allowance, office expenses, telephone charges etc. The posting of budget expenditure n the bank cash book is made in the budget expenditure account and credit side of a bank account.

Example:

Issued a cheque of Rs. 50,000 for the purchase of machinery equipment.

Journal voucher

Code No.

Particulars

LF

BH No.

Debit Rs.

Credit Rs.

Dr. BE Machinery Equipment

29511

50,000

Cr. Nepal Rastra Bank

50,000

(Being machinery equipment purchased and payment made through cheque)

Note: Only main part of journal voucher is shown.

Government of Nepal

AGF No. 5

...Office/Dept./Ministry

Bank Cash Book

Date

Ref No.

Particulars

Cash Balance

Bank Balance

Budget expenditure

Advance

Miscellaneous

Remarks

Dr.

Cr.

Dr.

Cr.

Ch No.

Blc

Bh No.

Amt

Given

Cleared

A/c No.

Dr.

Cr.

Machinery equipment purchased and paid through cheque

-

-

-

50,000

-

-

29511

50,000

-

-

-

-

-

-

Posting from the journal voucher for advance transactions

Advance is an amount, which is given to official staff and other parties before receiving goods and services. It is given to perform a specific task. The advance transactions are posted in the bank cash book at the time of giving an advance and at the time of clearing advance.

  1. At the time of giving advance
    While posting advance given transaction in the bank cash book, three accounts, namely Nepal Rastra Bank a/c, budget expenditure a/c and advance a/c are affected. The posting for advance given is made in the bank cash book in budget expenditure a/c, debit side of advance a/c and credit side of Nepal Rastra Bank a/c.
    Example:

    Advance given to Section Officer, Mrs. Ram Shrestha for the purchase of vehicle of Rs. 1,00,000.

    Journal Voucher

    Code No.

    Particulars

    LF

    BH No.

    Debit Rs.

    Credit Rs.

    Dr. Section Officer, Mrs. Ram Shrestha

    1,00,000

    Advance for purchase of vehicle

    29411

    Cr. Nepal Rastra Bank

    1,00,000

    (Being advance given to SO Mrs. Sujata Raut for the purchase of vehicle)

    Note: Only main part of journal voucher is shown.

    Government of Nepal

    AGF No. 5

    .....Office/Dept./Ministry

    Bank Cash Book

    Date

    Ref No.

    Particulars

    Cash Balance

    Bank Balance

    Budget expenditure

    Advance

    Miscellaneous

    Remarks

    Dr.

    Cr.

    Dr.

    Cr.

    Ch No.

    Blc

    Bh No.

    Amt

    Given

    Cleared

    A/c No.

    Dr.

    Cr.

    Advance given to Mrs. Ram Shrestha for the purchase of vehicle

    -

    -

    -

    1,00,000

    -

    -

    29411

    1,00,000

    1,00,000

    -

    -

    -

    -

    -

  2. At the time of clearing advance
    The amount of advance, which is given to performing the specific task, should be cleared after its completion. The amount of expenditure may be equal to the advance, less than the advance or more than the advance amount.
    • When the amount of expenditure is equal to the advance
      When the expenditure equals to the advance amount, the transaction affects the credit (cleared) side of the advance account and budget expenditure account. Under budget expenditure account, the amount of actual expenditure is shown outside the bracket and the amount of advance cleared is shown inside the bracket.
      Example:

      Section Officer, Mrs. Ram Shrestha, submitted the bill of the vehicle for Rs. 1,00,000 and her advance was cleared.

      Journal Voucher

      Code No.

      Particulars

      LF

      BH No.

      Debit Rs.

      Credit Rs.

      Dr. BE Vehicle

      29411

      1,00,000

      Cr. Section Officer, Mrs. Ram Shrestha

      Clearance of advance for vehicle

      1,00,000

      (Being advance for the purchase of vehicle has been cleared)

      Note: Only main part of journal voucher is shown.

      Government of Nepal

      AGF No. 5

      .....Office/Dept./Ministry

      Bank Cash Book

      Date

      Ref No.

      Particulars

      Cash Balance

      Bank Balance

      Budget expenditure

      Advance

      Miscellaneous

      Remarks

      Dr.

      Cr.

      Dr.

      Cr.

      Ch No.

      Blc

      Bh No.

      Amt

      Given

      Cleared

      A/c No.

      Dr.

      Cr.

      Advance for the purchase of vehicle cleared

      -

      -

      -

      -

      -

      -

      29411

      1,00,000

      (1,00,000)

      -

      1,00,000

      -

      -

      -

      -

    • When the amount of expenditure is less than the amount of advance given
      If the expenditure is made less than the amount of advance given, the surplus amount is returned to clear the advance. When the expenditure is less than the amount of advance, the transaction affects credit side of the advance account, budget expenditure account and debit side of a bank account. Under budget expenditure account, the amount of actual expenditure is shown outside the bracket and the amount of advance cleared is shown inside the bracket.
      Example:

      Section Officer, Mrs. Ram Shrestha, submitted the bill of the vehicle of Rs. 60,000 and deposited Rs. 40,000 in the bank to clear the advance.

      Journal Voucher

      Code No.

      Particulars

      LF

      BH No.

      Debit Rs.

      Credit Rs.

      Dr. BE Vehicle

      29411

      60,000

      Dr. Nepal Rastra Bank

      40,000

      Cr. Section Officer, Mrs. Ram Shrestha

      1,00,000

      Clearance of advance for vehicle

      (Being advance for the purchase of vehicle has been cleared)

      Note: Only main part of journal voucher is shown.

      Government of Nepal

      AGF No. 5

      .....Office/Dept./Ministry

      Bank Cash Book

      Date

      Ref No.

      Particulars

      Cash Balance

      Bank Balance

      Budget expenditure

      Advance

      Miscellaneous

      Remarks

      Dr.

      Cr.

      Dr.

      Cr.

      Ch No.

      Blc

      Bh No.

      Amt

      Given

      Cleared

      A/c No.

      Dr.

      Cr.

      Advance for the purchase of vehicle cleared

      -

      -

      40,000

      -

      -

      -

      29411

      60,000

      (1,00,000)

      -

      1,00,000

      -

      -

      -

      -

    • When the amount of expenditure is more than advance given
      If the expenditure is more than the advance amount, the office should reimburse the excess amount of expenditure. When the expenditure is more than the amount of advance, the transaction affects credit side of the advance account, budget expenditure account and credit side of the bank account. Under budget expenditure account, the amount of actual expenditure is shown outside the bracket and the amount of advance cleared is shown inside the bracket.
      Example:

      Section Officer, Mrs. Ram Shrestha, submitted the bill of the vehicle of Rs. 1,20,000 and her advance was cleared by issuing a cheque for the excess amount of expenditure.

      Journal Voucher

      Code No.

      Particulars

      LF

      BH No.

      Debit Rs.

      Credit Rs.

      Dr. BE Vehicle

      29411

      1,20,000

      Cr. Section Officer, Mrs. Ram Shrestha

      1,00,000

      Clearance of advance for vehicle

      20,000

      Cr. Nepal Rastra Bank

      (Being advance for the purchase of vehicle has been cleared)

      Note: Only main part of journal voucher is shown.

      Government of Nepal

      AGF No. 5

      .....Office/Dept./Ministry

      Bank Cash Book

      Date

      Ref No.

      Particulars

      Cash Balance

      Bank Balance

      Budget expenditure

      Advance

      Miscellaneous

      Remarks

      Dr.

      Cr.

      Dr.

      Cr.

      Ch No.

      Blc

      Bh No.

      Amt

      Given

      Cleared

      A/c No.

      Dr.

      Cr.

      Advance for the purchase of vehicle cleared

      -

      -

      -

      20,000

      -

      -

      29411

      1,20,000

      (1,00,000)

      -

      1,00,000

      -

      -

      -

      -



    • When the whole amount of advance is returned
      When the expenditure is not made and the whole advance amount of advance is returned, the transaction affect the credit (cleared) side of the advance account, budget expenditure account and debit side of the bank account.
      Example:

      Section Officer, Mrs. Ram Shrestha, returned the whole amount of advance of vehicle Rs. 1,00,000 due to not the availability of furniture according to the sample.

      Journal Voucher

      Code No.

      Particulars

      LF

      BH No.

      Debit Rs.

      Credit Rs.

      Dr. Nepal Rastra Bank

      1,00,000

      Cr. Section Officer, Mrs. Ram Shrestha

      1,00,000

      Clearance of advance for vehicle

      29411

      (Being advance for the purchase of vehicle has been cleared)

      Note: Only main part of journal voucher is shown.

      Government of Nepal

      AGF No. 5

      .....Office/Dept./Ministry

      Bank Cash Book

      Date

      Ref No.

      Particulars

      Cash Balance

      Bank Balance

      Budget expenditure

      Advance

      Miscellaneous

      Remarks

      Dr.

      Cr.

      Dr.

      Cr.

      Ch No.

      Blc

      Bh No.

      Amt

      Given

      Cleared

      A/c No.

      Dr.

      Cr.

      Advance for the purchase of vehicle cleared

      -

      -

      1,00,000

      -

      -

      -

      29411

      (1,00,000)

      -

      1,00,000

      -

      -

      -

      -

Posting from the journal voucher for miscellaneous transactions

The transactions other than budget expenditure and advance are called miscellaneous transactions. These transactions do not affect on budget expenditure. The following are some of the miscellaneous transactions: area dedicated

Imprest/ Revolving fund release

Imprest/ Revolving fund release is the modern system of budget release newly introduced by the government.According to this system, at the beginning of each fiscal year, the office of the treasury and comptroller creates a fund to release the budget for all operating level offices. Each operating level offices receives an amount equal to the 1/6th of its last year's total budget expenditure at the beginning of each fiscal year as revolving or imprest fund release to spend on different heads of expenditure during the month of Shrawan. The transaction relating to imprest fund release affects Nepal Rastra Bank account and miscellaneous account. It is posted on the debit side of bank account and credit side of the miscellaneous account.
Example:

The District Police Office, Dolakha, received a bank order letter of Rs. 10,000 as initial revolving fund on Shrawan 7.

Journal Voucher

Code No.

Particulars

LF

BH No.

Debit Rs.

Credit Rs.

Dr. Nepal Rastra Bank

10,000

Cr. Initial Revolving Fund

10,000

(Being initial revolving fund received)

Note: Only main part of journal voucher is shown.

Government of Nepal

AGF No. 5

District Police Office, Dolakha

Bank Cash Book

Date

Ref No.

Particulars

Cash Balance

Bank Balance

Budget expenditure

Advance

Miscellaneous

Remarks

Dr.

Cr.

Dr.

Cr.

Ch No.

Blc

Bh No.

Amt

Given

Cleared

A/c No.

Dr.

Cr.

Imprest fund released

-

-

10,000

-

-

-

-

-

-

-

-

-

10,000

-

Budget release

Under present revised budget release system, each operating level office receives budget release order equals to the actual expenditure of the previous month. Hence, the budget release is based on the imprest system. For getting the budget release order, the operating level office should produce the necessary documents to District Treasury Control Office within the first week of each month. The following are the three conditions of budget release:

  1. When the amount of budget release order and bank order is equal
    Example:

    District Education Office, Rautahat, received a bank order of Rs. 20,000 and budget release order of Rs. 20,000 on Marga 15 for the actual expenditure of Kartik.

    Journal Voucher

    Code No.

    Particulars

    LF

    BH No.

    Debit Rs.

    Credit Rs.

    Dr. Nepal Rastra Bank

    20,000

    Cr. Budget Release

    20,000

    (Being budget release order and bank order received for the actual expenditure of Kartik)

    Note: Only main part of journal voucher is shown.

    Government of Nepal

    AGF No. 5

    District Education Office, Rautahat

    Bank Cash Book

    Date

    Ref No.

    Particulars

    Cash Balance

    Bank Balance

    Budget expenditure

    Advance

    Miscellaneous

    Remarks

    Dr.

    Cr.

    Dr.

    Cr.

    Ch No.

    Blc

    Bh No.

    Amt

    Given

    Cleared

    A/c No.

    Dr.

    Cr.

    Imprest fund released

    -

    -

    20,000

    -

    -

    -

    -

    -

    -

    -

    -

    -

    20,000

    -

  2. When the amount of budget release order is less than the bank order
    Example:

    On 18th of Magh, District Forest Office, Kathmandu, received a bank order of Rs. 60,000 and a budget release order for Rs. 40,000 for the actual expenditure of the last month.

    Journal Voucher

    Code No.

    Particulars

    LF

    BH No.

    Debit Rs.

    Credit Rs.

    Dr. Nepal Rastra Bank

    60,000

    Cr. Revolving fund

    20,000

    Cr. Budget Release

    40,000

    (Being budget release order and bank order received for the actual expenditure of Falgun)

    Note: Only main part of journal voucher is shown.

    Government of Nepal

    AGF No. 5

    District Forest Office, Kathmandu

    Bank Cash Book

    Date

    Ref No.

    Particulars

    Cash Balance

    Bank Balance

    Budget expenditure

    Advance

    Miscellaneous

    Remarks

    Dr.

    Cr.

    Dr.

    Cr.

    Ch No.

    Blc

    Bh No.

    Amt

    Given

    Cleared

    A/c No.

    Dr.

    Cr.

    Budget release order received

    -

    -

    60,000

    -

    -

    -

    -

    -

    -

    -

    -

    -

    60,000

    -

  3. When the amount of budget release order is more than the bank order
    Example:

    On 18th of Falgun, District Irrigation Office, Lamjung, received a bank order for Rs. 50,000 and a budget release order for Rs. 70,000 for the actual expenditure of the last month.

    Journal Voucher

    Code No.

    Particulars

    LF

    BH No.

    Debit Rs.

    Credit Rs.

    Dr. Nepal Rastra Bank

    50,000

    Dr. Revolving fund

    20,000

    Cr. Budget Release

    70,000

    (Being budget release order and bank order received for the actual expenditure of Falgun)

    Note: Only main part of journal voucher is shown.

    Government of Nepal

    AGF No. 5

    District Irrigation Office, Lamjung

    Bank Cash Book

    Date

    Ref No.

    Particulars

    Cash Blc

    Bank Balance

    Budget expenditure

    Advance

    Miscellaneous

    Remarks

    Dr.

    Cr.

    Dr.

    Cr.

    Ch No.

    Blc

    Bh No.

    Amt

    Given

    Cleared

    A/c No.

    Dr.

    Cr.

    Budget release order received

    -

    -

    50,000

    -

    -

    -

    -

    -

    -

    -

    -

    50,000

    70,000

    -

Distribution of salary and deductions made on it

Salary is distributed to the employees of government offices against the service rendered by them. The government determines the amount of salary of each level of employee. The salary is distributed after making a deduction of provident fund, income tax, provident fund loan and citizen investment trust. The deducted amount should be deposited in the concerned accounts. When the salary is distributed, it affects on the credit side of bank account, budget expenditure account and credit side of the miscellaneous account. Similarly, when the deductions are deposited in the concerned accounts, these affect on the credit side of bank account and debit side of the miscellaneous account in the bank cash book.
Example:

District Education Office, Rautahat, distributed the total salary for the month of Marga, amounting to Rs. 1,20,000 on 7th Poush after deducting provident fund of Rs. 20,000, income tax of Rs. 15,000, provident fund loan of Rs. 10,000 and citizen investment fund of Rs. 5,000. The deductions were deposited in the concerned accounts on the same day.

Journal Voucher

Code No.

Particulars

LF

BH No.

Debit Rs.

Credit Rs.

Dr. B.E. Salary

21111

1,20,000

Cr. Provident fund

20,000

Cr. Income tax

15,000

Cr. Provident fund loan

10,000

Cr. Citizen investment fund

5,000

Cr. Nepal Rastra Bank

70,000

(Being salary distributed after deducting provident fund, income tax, provident fund loan and citizen investment fund)

Note: Only main part of journal voucher is shown

Journal Voucher

Code No.

Particulars

LF

BH No.

Debit Rs.

Credit Rs.

Dr. Provident fund

20,000

Cr. Nepal Rastra Bank

20,000

(Being provident fund deposited in the concerned account)

Note: Only main part of journal voucher is shown

Journal Voucher

Code No.

Particulars

LF

BH No.

Debit Rs.

Credit Rs.

Dr. Income tax

15,000

Cr. Nepal Rastra Bank

15,000

(Being income tax deposited in the concerned account)

Note: Only main part of journal voucher is shown

Journal Voucher

Code No.

Particulars

LF

BH No.

Debit Rs.

Credit Rs.

Dr. Provident fund loan

10,000

Cr. Nepal Rastra Bank

10,000

(Being provident fund loan deposited in the concerned account)

Note: Only main part of journal voucher is shown

Journal Voucher

Code No.

Particulars

LF

BH No.

Debit Rs.

Credit Rs.

Dr. Citizen investment fund

5,000

Cr. Nepal Rastra Bank

5,000

(Being citizen investment fund deposited in the concerned account)

Note: Only main part of journal voucher is shown

Government of Nepal

AGF No. 5

District Education Office, Rautahat

Bank Cash Book

Date

Ref No.

Particulars

Cash Balance

Bank Balance

Budget expenditure

Advance

Miscellaneous

Remarks

Dr.

Cr.

Dr.

Cr.

Ch No.

Blc

Bh No.

Amt

Given

Cleared

A/c No.

Dr.

Cr.

Salary distributed after making deductions

-

-

-

70,000

-

-

2111

1,20,000

-

-

-

-

50,000

-

Provident fund deposited

-

-

-

20,000

-

-

-

-

-

-

-

20,000

-

Income tax deposited

-

-

-

15,000

-

-

-

-

-

-

-

15,000

-

Provident fund loan deposited

-

-

-

10,000

-

-

-

-

-

-

-

10,000

-

Citizen investment trust deposited

-

-

-

5,000

-

-

-

-

-

-

-

5,000

-

Petty cash fund
Example of Petty cash fund

Petty cash fund

Petty cash fund is created in government offices for making the payment of a few expenditures. Such small amount of expenditures like postage, tea, newspapers, bus fare etc. should be paid frequently by an office. It is impracticable and inconvenient to pay such small amount of expenditures through a bank. So, to pay for such expenses, the government office establishes a fund, which is known as petty cash fund. The amount of petty cash fund depends upon the nature and volume of petty transactions. When the petty cash fund is established, it is shown in the credit side of bank account and debit side of the miscellaneous account of the bank cash book. Similarly, when the petty cash fund is reimbursed, it affects on the credit side of bank account and budget expenditure account of the bank cash book.
Example:

The District Education Office, Sindhuli created a petty cash fund of Rs 400 on 1st Falgun. The petty cashier reported the following expenses on 23rd Falgun for getting reimbursement.

Taxi fare Rs. 50

Wages Rs. 100

Postal stamp Rs. 30

Coke and Fanta Rs. 70

Newspapers Rs. 50

Journal Voucher

Code No.

Particulars

LF

BH No.

Debit Rs.

Credit Rs.

Dr. Petty Cash Fund

400

Cr. Nepal Rastra Bank

400

(Being petty cash fund created)

Note: Only main part of journal voucher is shown

Journal Voucher

Code No.

Particulars

LF

BH No.

Debit Rs.

Credit Rs.

Dr. B.E. Travelling Expenses

22612

50

Dr. B.E. Salary

21111

100

Dr. B.E. Office Expenses

22312

80

Dr. B.E. Miscellaneous Expenses

22711

70

Cr. Nepal Rastra Bank

300

(Being petty cash fund created)

Note: Only main part of journal voucher is shown

Government of Nepal

AGF No. 5

District Education Office, Sindhuli

Bank Cash Book

Date

Ref No.

Particulars

Cash Balance

Bank Balance

Budget expenditure

Advance

Miscellaneous

Remarks

Dr.

Cr.

Dr.

Cr.

Ch No.

Blc

Bh No.

Amt

Given

Cleared

A/c No.

Dr.

Cr.

Petty cash fund established

-

-

-

400

-

-

-

-

-

-

-

400

-

-

Petty cash fund reimbursed

-

-

-

300

-

-

22612

21111

22312

22711

50

100

80

70

-

-

-

-

-

-

  • Bank cash book is a ledger, which is prepared after of journal voucher.
  • Journal voucher is the basis for preparing the bank cash book. 
  • The journal voucher which is prepared to record the transactions relating to budget expenditure, is called journal voucher for budget expenditure.
  • Advance is an amount,which is given to official staff and other parties before receiving goods and services.
  • Petty cash fund is created in government offices for making the payment of small amount of expenditures. 
.

Very Short Questions

Imprest/ Revolving fund release is the modern system of budget release newly introduced by the government.According to this system, at the beginning of each fiscal year, the office of the treasury and comptroller creates a fund to release the budget for all operating level offices. Each operating level offices receives an amount equal to the 1/6th of its last year's total budget expenditure at the beginning of each fiscal year as revolving or imprest fund release to spend on different heads of expenditure during the month of Shrawan. The transaction relating to imprest fund release affects Nepal Rastra Bank account and miscellaneous account. It is posted in the debit side of bank account and credit side of the miscellaneous account.

Under present revised budget release system, each operating level office receives budget release order equals to the actual expenditure of the previous month. Hence, the budget release is based on the imprest system. For getting the budget release order, the operating level office should produce the necessary documents to District Treasury Control Office within the first week of each month. The following are the three conditions of budget release:

  1. When the amount of budget release order and bank order is equal
  2. When the amount of budget release order is less than the bank order
  3. When the amount of budget release order is more than the bank order

Salary is distributed to the employees of government offices against the service rendered by them. The government determines the amount of salary of each level of employee. The salary is distributed after making a deduction of provident fund, income tax, provident fund loan and citizen investment trust. The deducted amount should be deposited in the concerned accounts. When the salary is distributed, it affects on the credit side of bank account, budget expenditure account and credit side of the miscellaneous account. Similarly, when the deductions are deposited in the concerned accounts, these affect on the credit side of bank account and debit side of the miscellaneous account in the bank cash book.

Petty cash fund is created in government offices for making the payment of a small amount of expenditures. Such small amount of expenditures like postage, tea, newspapers, bus fare etc. should be paid frequently by an office. It is impracticable and inconvenient to pay such small amount of expenditures through a bank. So, to pay for such expenses, the government office establishes a fund, which is known as petty cash fund. The amount of petty cash fund depends upon the nature and volume of petty transactions. When the petty cash fund is established, it is shown in the credit side of bank account and debit side of the miscellaneous account of the bank cash book. Similarly, when the petty cash fund is reimbursed, It affects on the credit side of bank account and budget expenditure account of the bank cash book.

Government of Nepal

AGF No. 5

District Administrative Office, Gorkha

Bank Cash Book

Date

Ref No.

Particulars

Cash Balance

Bank Balance

Budget expenditure

Advance

Miscellaneous

Remarks

Dr.

Cr.

Dr.

Cr.

Ch No.

Blc

Bh No.

Amt

Given

Cleared

A/c No.

Dr.

Cr.

2067-12-01

a)

Received budget release order

-

-

6,00,000

-

-

6,00,000

-

-

-

-

-

1,00,000

7,00,000

-

2067-12-02

b)

Paid for petty cash fund establishment

-

-

-

2,000

2311

5,98,000

-

-

-

-

-

2,000

2067-12-02

c)

Distributed salary after deducting provident fund, staff loan and income tax

-

-

-

28,000

2312

5,70,000

21111

40,000

-

-

-

6,000
4,000
2,000

2067-12-10

d)

Purchased computer, table and chair

-

-

-

60,000

2313

2314

5,10,000

29311

20,000

40,000

-

-

-

-

-

-

2067-12-28

e)

Petty cash fund reimbursed

-

-

-

700

2315

5,09,000

21111

21113

22311

200

300

150

-

-

-

-

-

-

2067-12-30

f)

Total of the month of Chaitra

-

-

6,00,000

1,10,700

-

4,89,300

-

1,20,700

-

-

-

4,02,000

7,12,000

-

Government of Nepal

AGF No. 5

District Agriculture Office, Bhaktapur

Bank Cash Book

Date

Ref No.

Particulars

Cash Blc

Bank Blc

Budget expenditure

Advance

Miscellaneous

Remarks

Dr.

Cr.

Dr.

Cr.

Ch No.

Blc

Bh No.

Amt

Given

Cleared

A/c No.

Dr.

Cr.

2068-7-1

Received budget release order

-

-

3,49,800

-

-

3,49,800

-

200

-

-

-

3,50,000

-

2068-7-2

Paid for petty cash establishment

-

-

-

1,000

2300

3,48,800

-

-

-

-

-

1,000

2068-7-15

Purchased motorcycle

-

-

-

60,000

2,88,800

-

60,000

-

-

-

-

-

-

2068-7-18

Advance paid to LG Electronics, Delhi for the purchase of computer by LC.

-

-

-

50,000

2,38,000

-

50,000

50,000

-

-

-

-

-

2068-7-20

Paid to contractor Mr. Dhiroj Lama for payment of road after deducting security deposit

-

-

-

18,000

2,20,800

-

20,000

-

-

-

-

-

-

2068-7-21

Distributed salary after deducting provident fund and income tax

-

-

-

27,800

1,93,000

-

33,000

1,500

-

-

-

-

2,000

-

2068-7-30

Petty cash fund reimbursed

-

-

-

250

1,92,750

-

150

50

50

-

-

-

-

6,000

700

-

2068-7-30

Total of the month, Kartik

-

-

-

1,61,550

1,92,750

-

1,64,950

50,000

-

-

1,000

3,58,700

-

0%
  • Bank cash book is a ______, which is prepared after the preparation of journal voucher.

    journal


    ledger


    trial balance


    accounting equation


  • The journal voucher which is prepared to record the transactions relating to budget expenditure is called ______.

    journal voucher for yearly closing
    journal voucher for the budget expenditure
    journal voucher for advance transactions
    journal voucher for miscellaneous transactions
  • ______ is an amount, which is given to official staff and other parties before receiving goods and services.

    Patent


    Advance


    Dividend


    Loan


  • While posting advance given transaction in the bank cash book, which account is affected?

    Advance a/c
    Nepal Rastra Bank a/c
    All the options are correct
    Budget expenditure a/c
  • The amount of advance, which is given for performing the specific task, should be ______.

    should not be cleared
    cleared during its completion
    cleared after its completion
    cleared before its completion
  • The amount of expenditure ______.

    more than the advance amount
    less than the advance
    may be equal to the advance
    all the options are correct
  • You scored /6


    Take test again

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