Home / Budget Sheet

1027 Views

Estimated reading time : 230 Minutes

Budget Sheet | Problems and Solution of Budget Sheet | AGF 208

Arjun EP

Published on: July 21, 2021

Problems and Solution of Budget Sheet | AGF 208

Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු = Br = P = ₦ = Birr = Currency of your country

PROBLEM: 1A (NEB Model Question 2078)

Following information are given by the Local Level Office:

Budget sub-head	Annual budget	Expenses upto Falgun
Employee remuneration	800,000	400,000
Office materials	120,000	60,000
House rent	140,000	80,000
Furniture and fitting	80,000	35,000
Vehicles	500,000	350,000

Expenditure for the month of Chaitra:

Chaitra 1: Purchase furniture of Rs 10,000

Chaitra 5: Purchase vehicles for Rs 100,000

Chaitra 10: Advance rent paid for Rs 10,000

Chaitra 28 Distributed Rs 35,000 for employee’s remuneration after deducting income tax Rs 1,000 and PF Rs 8,000.

Required: Budget sheet [5 marks]

[Answer: Balance of budget: Rs 551,000]

SOLUTION

					Central/Province/Local Level							AGF No. 208
Stamp of					Government of Nepal					Stamp of
Nepal Govt					Office Code No. 235					State Govt

					Budget Sheet
					For Chaitra

Budget Sub-head No.						Name of office: Local Level Office
P1 B	Budget sub-head						21111	21112	22311		29311		29511
							Remun.	Office	Rent		Furniture		Vehicle
						Total		Materials	Expenses
	Appropriation of approved annual budget for FY					16,40,000	800,000	120,000	140,000		80,000		500,000
	Add or subtract the amount of budget transfer					–
	Add or subtract the amount of fund					–
	The accumulated budget (a)					16,40,000	800,000	120,000	140,000		80,000		500,000
P2 R	Date	VN	Ref.	Particulars
				Budget released upto LM (Falgun)		9,25,000	400,000	60,000	80,000		35,000		350,000
				Budget released for CM		–	–	–	–		–		–
				Budget released upto CM (b)		9,25,000	400,000	60,000	80,000		35,000		350,000
P3 E	12/1			Furniture purchased		10,000	–	–	–		10,000
	12/5			Vehicle purchased		1,00,000	–	–	–		–		100,000
	12/10			Advance rent paid		10,000	–	–	10,000		–		–
	12/28			Salary paid		44,000	44,000	–	–		–		–
Total expenditures of CM Chaitra (c)						1,64,000	44,000	–	10,000		10,000		100,000
Total expenditures upto CM Chaitra (d = b + c)						10,89,000	444,000	60,000	90,000		45,000		450,000
Balance of budget (a – d)						551,000	356,000	60,000	50,000		35,000		50,000

Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු = Br = P = ₦ = Birr = Currency of your country

PROBLEM: 1B (HSEB/NEB: 2065)

Following information is given by Rural Municipality Office, Rasuwa:

Annual budget	Budget heads	BH No.	Expenses upto Bhadra	Expenses of Ashwin
400,000	Salary	21111	60,000	64,000
20,000	Local allowance	21112	4,000	2,000
30,000	Office operating expense	22311	8,000	2,000
10,000	Contingencies	22911	–	–
50,000	Furniture	29311	20,000	10,000
50,000	Machinery and equipment	29511	40,000	−

Other information:

Kartik 3:

Received bank (treasury) order and release order for actual expenditure of Ashwin.

Kartik 10:

Received bills for purchase of furniture of Rs 10,500 against the advance of Rs 10,000 paid to Mr Bhattarai and his advance is cleared.

Kartik 20:

Issued a cheque through DTCO of Rs 3,000 for the payment of office materials.

Required: Budget sheet

[Answer: Total expenses = Rs 3,500;

Balance of budget = Rs 347,000]

SOLUTION

					Central/Province/Local Level								AGF No. 208
Stamp of					Government of Nepal						Stamp of
Nepal Govt					Office Code No. 235						State Govt

					Budget Sheet
					For Chaitra

Budget Sub-head No.						Name of office: Local Level Office
P1 B	Budget sub-head						21111	21112	22311	22911		29311		29511
							Salary	Local	Office	Contin.		Furniture		Machinery
						Total		Allowance	Expenses
	Appropriation of approved annual budget for FY					560,000	400,000	20,000	30,000	10,000		50,000		50,000
	Add or subtract the amount of budget transfer					–
	Add or subtract the amount of fund					–
	The accumulated budget (a)					560,000	400,000	20,000	30,000	10,000		50,000		50,000
P2 R	Date	VN	Ref	Particulars
				Budget released upto PLM (Bhadra)		132,000	60,000	4,000	8,000	–		20,000		40,000
				Budget released for LM (Ashwin)		78,000	64,000	2,000	2,000	–		10,000		Nil
				Budget released upto LM (Ashwin) (b)		210,000	124,000	6,000	10,000	–		30,000		40,000
P3 E	7/1			Budget released
	7/10			Advance cleared		10,500 (10,000)						10,500 (10,000)
	7/20			Office expenses		3,500			3,000
Total expenditures of CM (Kartik) (c)						3,500	Nil	Nil	3,000	Nil		500		Nil
Total expenditures upto CM (Kartik) (d = b + c)						213,000	124,000	6,000	13,000	10,000		30,500		40,000
Balance of budget (a – d)						347,000	276,000	14,000	17,000	10,000		19,500		10,000

Click on the photo for FREE eBooks

Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු = Br = P = ₦ = Birr = Currency of your country

PROBLEM: 1C

Following information is given by Local Level Health Post:

Annual budget	Budget heads	BH No.	Expenses upto Poush
500,000	Salary	21111	250,000
20,000	Field allowance	21114	12,000
15,000	Telephone and internet	22112	5,000
40,000	Office materials	22311	30,000
120,000	Medicines	22531	40,000
250,000	Equipment	29511	180,000

Additional information:

Magh 5: Additional budget released for the month of Magh Rs 150,000.

Magh 10: Cheque issued through DTCO of Rs 3,000 for field allowance.

Magh 15: Issued a cheque through DTCO of Rs 5,000 for the payment of office materials.

Magh 25: Telephone and net expenses bill paid for Rs 1,500.

Magh 28: Medicines purchased by cheque Rs 60,000.

Magh 30: Salary of the month Rs 50,000 paid after deducting Rs 10,000 as PF and Rs 1,000 income tax.

Required: Budget sheet

[Answer: Total expenses = Rs 124,500;

Balance of budget = Rs 303,500]

SOLUTION

					Central/Province/Local Level								AGF No. 208
Stamp of					Government of Nepal						Stamp of
Nepal Govt					Office Code No. 235						State Govt

					Budget Sheet
					For Chaitra

Budget Sub-head No.						Name of office: Local Level Office
P1 B	Budget sub-head						21111	21112	22311	29311		22531		29511
							Salary	Field	Comm.	Office		Medicine		Equip.
						Total		Allowance	Expenses	Materials
	Appropriation of approved annual budget for FY					945,000	500,000	20,000	15,000	40,000		120,000		250,000
	Add the amount of budget transfer					150,000
	Add or subtract the amount of fund
	The accumulated budget (a)					10,95,000	500,000	20,000	15,000	40,000		120,000		250,000
P2 R	Date	VN	Ref.	Particulars
				Budget released upto LM Poush		517,000	250,000	12,000	5,000	30,000		40,000		180,000
				Additional budget released for CM		150,000
				Budget released upto CM (b)		667,000	250,000	12,000	5,000	30,000		40,000		180,000
P3 E	10/10			Field allowance paid		3,000		3,000
	10/15			Office materials purchased		5,000				5,000
	10/25			Communication bill paid		1,500			1,500
	10/28			Medicine purchased		60,000						60,000
	10/30			Salary paid		55,000	55,000
Total expenditures of CM Magh (c)						124,500	55,000	3,000	1,500	5,000		60,000		Nil
Total expenditures upto CM Magh (d = b + c)						791,500	300,000	15,000	6,500	35,000		100,000		180,000
Balance of budget (a – d)						303,500	200,000	5,000	8,500	5,000		20,000		70,000

#####

PROBLEMS AND ANSWERS OF BUDGET SHEET AGF 208

Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු = Br = P = ₦ = Birr = Currency of your country

PROBLEM: 1A

Following information is given by Rural Municipality Office (code 314):

Budget head	BH No.	Annual budget	Expenses upto Magh
Salary	21111	10,00,000	5,00,000
Office rent	22121	1,20,000	70,000
Office materials	22311	1,00,000	50,000
Furniture	29311	80,000	50,000
Equipment	29511	5,00,000	2,00,000

Expenditure for the month of Falgun:

Falgun 2: Issued a cheque through DTCO for purchase of furniture Rs 20,460.

Falgun 3: Issued a cheque through DTCO of Rs 92,300 for purchase of machinery.

Falgun 15: Office materials purchased and bill submitted to DTCO Rs 3,525.

Falgun 28: Issued a cheque of Rs 64,000 for the salary after deducting income tax Rs 8,000 and provident fund Rs 16,000.

Required: Budget sheet

[Answer: Total expenditure of Falgun = Rs 204,280;

Balance of budget = Rs 725,720; *Salary Rs 88,000

Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු = Br = P = ₦ = Birr = Currency of your country

PROBLEM: 1B

Following information is given by Local Level Office (code 127):

Annual budget	Budget heads	BH No.	Expenses upto Ashwin
216,000	Salary	21111	54,000
12,000	Local allowance	21112	4,000
15,000	Communication expenses	22112	8,000
30,000	Office materials	22311	20,000
60,000	Machinery	29511	10,000

Additional information:

Kartik 3: Received bank (treasury, DTCO) order and budget release order for actual expenditure of Ashwin.

Kartik 10: Cheque issued through DTCO of Rs 15,540 for machinery purchased.

Kartik 20: Issued a cheque through DTCO of Rs 3,410 for the payment of office materials.

Kartik 25: Advance given to Peon Kamal for local allowance Rs 2,500.

Kartik 28: Telephone bill paid for the month Rs 580.

Kartik 30: Basic salary of the month Rs 20,000 paid after deducting Rs 4,000 as provident fund.

Required: Budget sheet

[Answer: Total expenses = Rs 44,030;

Balance of budget = 192,970; *Salary = Rs 22,000;

Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු = Br = P = ₦ = Birr = Currency of your country

PROBLEM: 1C

Following information is given by Rural Municipality Office (code 254):

Budget head	BH No.	Annual budget	Expenses upto Chaitra
Salary	21111	9,00,000	7,00,000
Dearness allowance	21113	2,00,000	1,20,000
Office rent	22121	1,00,000	60,000
Office supplies	22311	80,000	60,000
Furniture	29311	1,50,000	1,00,000
Equipment	29511	2,50,000	2,00,000

Expenditure for the month of Baishakh:

Baishakh 2: Purchase of office supplies through DTCO Rs 9,730.

Baishakh 3: Paid rent through DTCO Rs 8,500 of Chaitra.

Baishakh 10: Advance given for furniture purchase Rs 20,000.

Baishakh 15: Computer printer purchased for Rs 18,350.

Baishakh 30: Basic salaries of Rs 70,000 and dearness allowance Rs 5,000 paid as per government rules.

Required: Budget sheet

[Answer: Total expenditure of Baishakh = Rs 138,830

Balance of budget = Rs 301,170;

*Salary = Rs 77,000; DTCO = Rs 62,300;

Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු = Br = P = ₦ = Birr = Currency of your country

PROBLEM: 1D

Following information is given by Village Municipality Office (code 258):

Annual budget	Budget heads	BH No.	Expenses upto Jeshtha
360,000	Salary	21111	327,000
30,000	Uniform	21121	25,000
10,000	Water and electricity	22111	8,000
20,000	Office materials	22121	20,000
150,000	Books and sports materials	22313	50,000
40,000	Furniture	29311	30,000