Government of Nepal District Education Office, Palpa Journal Voucher AGF No. 10 JV No. Date: 04/15 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. Storekeeper Mr. Shankar Sharma Advance for office furniture .....

Government of Nepal District Education Office, Rukum Journal Voucher AGF No. 10 JV No. Date: 04/06 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. BE Telephone charge 22142 13,000 Cr. Nepal Rastra Bank .....

Government of Nepal District Education Office, Dolpa Journal Voucher AGF No. 10 JV No. Date: 04/15 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. BE Telephone charge 22142 7,000 Cr. Nepal Rastra Bank 7,000 .....

The accounting system which is maintained by Central Level Offices like Ministries Department and Constitutional Bodies is known as central level .....

The accounting system which is maintained by operating level offices like Zonal, Districts and Regional Offices is known as operating level accounting. Operating level offices are responsible towards the central level offices. Operating level .....

Any two importance of new accounting system are as follows: It keeps a proper record of the financial transactions and provides financial data and information to the government at the time of necessity. It makes expenditures within the limitation of .....

Any two objectives of new accounting system are: To keep systematic record To supply financial data and information .....

The new accounting system is the present accounting system of government of Nepal which keeps the systematic record of all revenues and expenditures of the government offices performed through the .....

If the budget head is transferred from one office to another office, then it is called inter-office budget .....

Government of Nepal District Administration Office, Kathmandu Journal Voucher AGF No. 10 JV No. Date: 05/18 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. BE Computer 29511 35,000 Cr. Nepal Rastra Bank .....

Government of Nepal District Education Office, Kathmandu Journal Voucher AGF No. 10 JV No. Date: 04/13 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. BE Furniture 29311 15,000 Cr. Nepal Rastra Bank 15,000 .....

Government of Nepal District Education Office, Palpa Journal Voucher AGF No. 10 JV No. Date: 04/10 Code No. Particulars LF BH No. Debit Rs. Credit Rs. Dr. B.E Computer 29511 25,000 Cr. Nepal Rastra Bank 25,000 .....

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. .....

If the budget head is transferred to another budget head within the office, then it is called intra-office budget .....

The government office can receive loan from other offices. It can also provide loan to other offices by taking the approval from the treasury and comptroller’s office. The journal vouchers for receiving and granting loans are as follows: When .....

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. .....

Each employee of government offices should contribute some amount as income tax from their taxable income. The Income Tax Act has given certain exemption limit of income for tax purpose. An employee has to pay income tax on the income over the .....

Employees’ Provident Fund is the amount collected by deducting from the salary of a permanent employee of government offices, company and corporations. The government deducts 10% amount from their salary, contributes equal amount from their .....

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 .....

Employees’ Provident Fund is the amount collected by deducting from the salary of a permanent employee of government offices, company and .....

The transactions other than budget expenditure and advance given and cleared are called miscellaneous .....

The budget for the government is approved by the parliament on an annual basis. The process of closing different accounts at the end of the fiscal year is called annual closing of accounts. The following journal vouchers are passed for annual .....

The journal voucher which is prepared to record the transactions relating to budget expenditure is called journal voucher for the budget expenditure. It is also known as a general journal voucher. This is commonly used journal voucher in government .....

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 .....

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 .....

Budget transfer is the act of transferring an amount from one budget head to .....

The amount of advance, which is given to perform the specific task, should be cleared after its completion. It is cleared after the submission of necessary bills and documents. The amount of expenditure may be equal to the advance, less than the .....

An advance is given to an official staff or to other party to make expenditure on the related budget head. When the advance is given the party receiving the advance with related budget head is debited and Nepal Rastra Bank is credited. The journal .....

An 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 .....

The journal voucher which is prepared to record the transactions relating to budget expenditure is called journal voucher for the budget expenditure. It is also known as a general journal .....

The process of closing different accounts at the end of the fiscal year is called annual closing of .....

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 .....

Means of payment are the instruments used for making payment of the value of goods purchased under trade. These means are used to remit money from one place to another for settling accounts and for making cash purchases. The following are some of .....

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 .....

The transactions other than budget expenditure and advance are called miscellaneous transactions. These transactions do not affect on budget .....

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

SWIFT is an international institution which makes the networking of member banks in different .....

Any two means of payment are: Cheque Electronic transfer .....

PIN Card stands for Personal Identification Number .....

The full form of SWIFT is Society for Worldwide Interbank Financial .....

Hundi is an economical way of remitting money as the commission to be charged is much lower than the commission charged by the .....

Hundi is an attractive instrument of means of payment because it provides fast and convenient transfer of funds from one place to another .....

Hundi is an informal value transfer system between huge networks of money .....

Electronic transfer refers to the computer-based system used to perform financial transactions .....

ATM is a computerized device which provides the financial services to the customers without the involvement of human .....

Money order is an order issued by a post office of one place usually through telegraph directing the post office of another place to pay a certain .....

Letter of credit is a letter issued by a bank giving a guarantee on behalf of local trade making payment to the foreign parties. It is guarantee of payment issued by .....

Telegraphic Transfer is an order issued by a bank directing its branch in another place through telegraph to pay a certain sum of money to a certain .....

A cheque is a written order issued by a depositor directing a specified banker to pay on demand a certain sum of money to a certain person or to the bearer of the .....

Means of payment are the instruments used for making payment of the value of goods purchased under .....