Railway Accounts Department Examinations

Sunday, February 2, 2020

WMS - Workshop Manufacturing Suspense Budget



Click for PDF copy of the WMS Budget


WMS Specimen Budget for the year 2020-21 of XYZ Railway


SN
Debits
Inner column
Amount (Rs.)

SN
Credits
Inner column
Amount (Rs.)
A
Opening Balance as on 01.04.2020








i) Works in Progress
15







ii) Amount outstanding for realisation - scrap
5







iii) Bills to be raised for completed works
10







Total (i + ii + iii)
30
30














B
Debits during the year (2020-21)



E
Credits during the Year (2020 -21)



i) Wages to Labour
120



i) To Works
35


ii) Material -Stores suspense (Depots)
100



ii) To Stores Suspense
115


iii) Materials - Direct purchases
75



iii) To Revenue Demands of Home Railway (Labour & Materials)
130


iv) Materials - Adjustments
15



iv) To Revenue Demands of Foreign Railways (Labour & Materials
25


v) Contracts
10



v) To RSP - Rolling Stock Programme
20


vi) Energy charges (Electricity)
5



vi) To Deposit Works for outsiders
5


Total ( i to vi )
325
325


Total ( i to vi)
330
330









C
Deduct for Issues from WMS to Services/Works - within the Demand (2020-21)



F
Deduct for Issues within the Demand

 (-) 50

i) Issues to Works
35







ii) Issues to Stores Suspense
15







Total ( i + ii )
50
  (-) 50














D
Total Debits during the Year (2020-21)   B - C
325 - 50
275

G
Total Credits during the Year (2020-21)
 E -F
330 - 50
280














H
Closing Balance as on 31.03.2021








i) Works in Progress
15







ii) Amount outstanding for realisation
5







Iii ) Bills to be raised for completed works
5







Total ( i + ii + iii)
25
25









E
Grand Total ( Opening Balance + Total Debits during the Year)
30 + 275
305

I
Grand Total (Total Credits during the year + Closing Balance)
280 + 25
305

·         Budget Allotment required under WMS (Plan Head 7200 ) for XYZ Railway of the
 Year 2020-21 is Rs. 275 /- (Total Debits during the year under Sl.No. D).  
The Principle is Gross Budgeting.  Credits should be shown as footnotes under the
 Demands for Grants.

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