Accounting is an effective tool for financial administration. It helps to achieve the goal of the financial administration. The Account Committee 2017, which recommended the new accounting system has the following objectives: To keep systematic .....

Accounting is an important and effective tool for financial administration. The new accounting system facilitates the government for formulating plans and policies as well as for making financial decisions by supplying reliable financial .....

The new accounting system has been implemented in Nepal to overcome the drawbacks of payment of accounting system. The main features of new accounting system are as follows: Based on double entry conceptThe new accounting system is based on the .....

Budget transfer is the act of transferring an amount from one budget head to another. Sometimes, there may be a shortage of budget in one budget head and a surplus in another budget head. The surplus amount of the budget can be transferred with the .....

Security deposit is concerned with the amount deposited by a contractor or supplier against the tender of supplying goods and services. Generally, 5% of the contract amount is required to be deposited as security deposit by the contractor. Such .....

Government of Nepal District Education Office, Rukum Journal Voucher AGF No. 10 JV No. Date: 04/25 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. BE Salary 21111 1,50,000 Cr. Provident fund 15,000 Cr. .....

Government of Nepal District Administration Office, Kathmandu Journal Voucher AGF No. 10 JV No. Date: 05/25 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. BE Salary 21111 1,98,000 Cr. Provident fund 36,000 .....

Government of Nepal District Education Office, Dolpa Journal Voucher AGF No. 10 JV No. Date: 04/30 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. BE Salary 21111 2,50,000 Cr Provident fund 25,000 Cr. .....

Government of Nepal District Education Office, Kathmandu Journal Voucher AGF No. 10 JV No. Date: 04/30 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. BE Salary 21111 1,50,000 Cr. Provident fund 25,000 .....

Citizen Investment Fund is a voluntary deduction which can be made at a certain rate. The amount collected by way of voluntary deduction is invested in productive sectors. While distributing salary, such deduction is deposited in the office of .....

The employees of government offices deposit their provident fund in the account of provident fund office. They are given a facility to take a loan out of their provident fund deposit. Such a loan can be repaid on an installment basis by making a .....

Government of Nepal .......... Office/Dept/Ministry Journal Voucher AGF No. 10 JV No. Date: 04/04 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. Nepal Rastra Bank 10,00,000 Cr. Revolving fund release .....

Government of Nepal District Education Office, Dolpa Journal Voucher AGF No. 10 JV No. Date: 04/05 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. Nepal Rastra Bank 9,00,000 Cr. Revolving fund release .....

Government of Nepal .......... Office/Dept/Ministry Journal Voucher AGF No. 10 JV No. Date: 05/12 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. Nepal Rastra Bank 10,00,000 Cr. Revolving fund release .....

The resolution which is presented in urgent meeting and can be decided by at least 75% of the total members or shareholders is called special .....

The resolution which is presented in regular meeting and can be decided by more than 50% of the total members or shareholder is called ordinary .....

The resolution which is presented in urgent meeting and can be decided by at least 75% of the total members or shareholders is called special resolution. Decisions on such resolution is passed by the shareholders holding at least 75% or 3/4th of the .....

The resolution which is presented in regular meeting and can be decided by more than 50% of the total members or shareholder is called ordinary resolution. Decision on such resolution is passed by a simple majority of shareholders holding more than .....

Government of Nepal District Education Office, Kathmandu Journal Voucher AGF No. 10 JV No. Date: 04/11 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. Nepal Rastra Bank 8,00,000 Cr. Revolving Fund 8,00,000 .....

Government of Nepal District Education Office, Palpa Journal Voucher AGF No. 10 JV No. Date: 04/20 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. Petty Cash Fund 500 Cr. Nepal Rastra Bank 500 (Being petty .....

Government of Nepal .......... Office/Dept/Ministry Journal Voucher AGF No. 10 JV No. Date: 04/04 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. Nepal Rastra Bank 5,00,000 Cr. Revolving fund released .....

A resolution is basically concerned with important subject matters regarding preparation of plans, policies, rules and regulations. Its main importance can be listed as follows: It helps in the management for making effective decision. It helps an .....

The main objectives of resolution are as follows: - To make a formal statement for any subject or problem. To make a formal and legal decision in a democratic way. To help to amend and formulate effective rules and regulations. To provide .....

Resolution is the written proposal forwarded to the meeting for discussion and final decision through the agreement of all participating .....

The budget head number of furniture and fixtures is .....

The budget head number of fuel is .....

The budget head number of salary is .....

Any two objectives of the Office of the Treasury & Comptroller are as follows: Releasing reimbursement release to the offices on the basis of the statement of expenditure. Monitoring and directing the concerned offices of a financial issue as .....

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 .....

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 .....

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 .....

Government of Nepal District Education Office, Rukum Journal Voucher AGF No. 10 JV No. Date: 04/28 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. BE Computer 29511 35,000 Cr. Accountant Prem Shrestha .....

Any two objectives of the Office of the Comptroller General are as follows: Implementing various accounting forms for keeping the record of financial transactions of government offices as prescribed by the office of auditor general. Preparing .....

Any two objectives of the Office of the Auditor General are as follows: To perform the final audit of all government offices, constitutional bodies and offices of the army, police and court considering the provision of law. To consult for the .....

The Office of the Comptroller General is a department level government office established under the ministry of finance which prepares the central level account relating to the government revenue & expenditures. It operates and maintains control .....

Government of Nepal District Education Office, Rukum Journal Voucher AGF No. 10 JV No. Date: 04/07 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. Accountant Prem Shrestha Advance for the purchase of computer .....

Government of Nepal District Education Office, Dolpa Journal Voucher AGF No. 10 JV No. Date: 04/27 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. BE Office Furniture 29311 1,25,000 Cr. Storekeeper K. Pradhan .....

Government of Nepal .......... Office/Dept/Ministry Journal Voucher AGF No. 10 JV No. Date: 04/14 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. Storekeeper K. Pradhan Advance for purchase of office furniture .....

The district level offices which are established under the office of finance comptroller general for providing budget release and making an internal audit of all government revenue and expenditures are called treasury & comptroller offices. Such .....

The Office of the Auditor General is the office established as a constitutional body according to the provisions made by the constitution of the country. It does the function of conducting an audit of constitutional bodies and other organizations .....

The following are the objectives of internal audit: To verify books of account To review the internal control system To prevent errors and frauds To advise the management To assist the government To prepare base for final audit .....

Internal audit is a continuous and systematic examination and review of the records and the books of account of an .....

Government of Nepal District Administration Office, Kathmandu Journal Voucher AGF No. 10 JV No. Date: 05/20 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. Section Officer Sarita Puri 6,000 Cr. Nepal Rastra Bank .....

Government of Nepal District Education Office, Kathmandu Journal Voucher AGF No. 10 JV No. Date: 04/14 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. Petty cash fund 3,000 Cr. Nepal Rastra Bank 3,000 .....

Government of Nepal District Education Office, Palpa Journal Voucher AGF No. 10 JV No. Date: 04/25 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. BE Office furniture 29311 10,000 Cr. Store keeper Mr. Shankar .....

The following are the main objectives of statutory or external audit: To comply with the concerned law To follow the statutory requirements To detect and prevent errors To express audit opinion To safeguard the interest of the owners .....

The audit, which is performed under some statute or law, is known as external or statutory .....

Any two importance of auditing are: Auditing lends credibility to the financial statements prepared by a business. The audited accounts may be presented as an evidence to tax authorities for a fair assessment of tax, and to the court of law in a .....

Auditing is the systematic act of examining, verifying and reviewing the accounting records and statement by an independent person considering their accuracy, reliability and effectiveness to provide true and fair result of the .....

The accounting system which is maintained by operating level offices like Zonal, Districts and Regional Offices is known as operating level .....