Please attempt the below quiz for checking your preparedness for upcoming Appendix3 Exam
Designed to help the candidates appearing the Appendix 3, LDCE, 70% etc of Railway Accounts
Friday, June 22, 2018
Thursday, June 21, 2018
RRSK – Rashtriya Rail Sanraksha Kosh
RRSK – Rashtriya Rail Sanraksha Kosh
·
Dedicated fund for
Railway Safety.
·
Established in the year 2017-18 (announced in
Budget speech of 2017-18)
·
Based on the recommendations of High Level
Safety Review Committee, 2012 headed by Shri Anil Kakodkar, former chairman of
Atomic Energy Commission.
·
Period – Five years
·
Fund proposed –
Rs.1,00,000 Crores (i.e., Rs.20,000 Crores for every year)
·
Rs.20,000Crores for this year i.e., 2017-18 is
proposed to be funded as follows.
Central Road Fund
|
Rs.10,000 Crores
|
So far, the amount goes to SRF.
|
Ministry of Finance
|
Rs.5,000 Crores
|
Promised
|
Railway Internal Resources
|
Rs.1,000 Crores
|
(from Budget document 2017-18)
|
By collecting Cess on fares (
proposed)
|
Rs.4,000 Crores
|
|
Total
|
Rs.20,000 Crores
|
For FY 2017-18
|
·
Objects: 1 ) Strengthen the safety measures on
the Rail Network to prevent accidents in order to accomplish the “ZERO ACCIDENT MISSION”
·
Unique feature of this Fund is Non-lapsable . That means the grant allotted for this Fund
is not lapsed with the completion of financial year.
·
Works falling under this Fund category: -
1.
Track renewals &upgradation
2.
Bridge rehabilitation
3.
Elimination of LC gates on BG routes by 2022
4. Construction of ROBs/RUBs
5.
Replacement & Improvement of Signaling
system.
6.
Improvement & up gradation of Rolling Stock.
7.
Replacement of Electrical assets
8.
HRD – Human Resources Development.
·
Likely
probability:
SRF
– Special Railway Safety Fund may be merged with the above Fund. This conclusion arrived based on the two
factors. 1) CRF – Central Road Fund – so
far it is a source of finance for existing RSF – Railway Safety Fund. Now it is going to be credited to new Fund
that is NRSF or RRSK. 2 ) LC Gates (Plan
Head 2900) and ROBs/RUBs (Plan Head 3000) so far met from the existing fund
RSF. Now these two objects are included
in the proposed new Fund NRSF or RRSK.
Don’t come to any conclusion. Let’s wait and see for further guidelines
from Railway Board.
!@#$%%$#@!
Test Balance Sheet
Test Balance Sheet
2016 Station Accounts without books -5
marks
·
Prepared
in the Proforma Appendix XIII/Commercial Manual.
·
The
TIAs should prepare Test Balance Sheet in respect of both coaching and goods
traffic ( at the time of Inspection of Stations) and submit to the Accounts
Officer along with their inspection reports.
·
Debit Side :
1) Closing Balance of previous month 2) The 'To-pay' way-bills for
parcels and Motor cars eetc received during the current month to date 3) Any
special items
·
Credit Side: 1) The collections on account of
inward parcels and motor-cars, etc 2) any special credits 3) the outstanding on
date.
·
The
test balance for the closing period of the month should be made as soon as the
returns are closed.
·
The
outstanding being detailed on the reverse of the Balance sheet.
&&&&
Traffic Cash Witness
Traffic Cash Witness
2016 Station Accounts without books
-5 marks
·
From
Traffic (Commercial) dept
·
Deputed
to witness all operations connected with the remittances from the time the cash
safes are made over to Cashier or his representative till the cash has been
counted.
·
required to protect the interests of Station staff
·
They
should not assist the work of counting the cash, except to help the station
staff in case of discrepancy.
·
Sign
the counterfoils of the CR Notes (Cash Remittance Notes) received with the
Station earnings.
·
See
that the entries of CR Notes are correctly made in the Cash Office Records (
Traffic Cash Check Sheet)
·
The
cash safes should be opened one at a time personally by the Traffic Cash
Witness, Cash office representative and RPF/GRP. Locks and Seals of all the Safes to be
examined.
·
Register
of cash bags (A-917) - maintained by both Cash office and Cash Witness. All
bags bring out from the Cash Safes are entered in that Register duly read out
Station Name and painted number.
·
After
all the columns in the Register of Bags are filled and signed by Cash witness,
Cash office representative & RPF/GPF.
·
The
next cash safe should not be opened until this procedure has been completed in
respect of the cash safe in hand.
·
Any discrepancies should be brought to the notice of Commercial and
Accounts officers for further investigations. But short receipt of cash bags
are immediately informed to DRM, Chief Cashier, Traffic Accounts officer along
with concerned Station.
·
Till the last moment i.e., counting, checking of empty bags (for any
left over cash) etc, Traffic Cash witness should be present.
·
To
avoid the above lengthy procedure and laborious manual work involved, the
Railways are already moving towards Doorstep banking.
*****
Tuesday, June 5, 2018
Latest development in Appendix 3 exam
"There is no provision of re-evaluation/re-assessment in Appendix-III Examination . Rechecks of totals of marks and arithmetic mistake are permissible only".
Changes in Appendix-3 of Indian Railway Establishment Manual, Volume – I(Revised Edition 1989)
GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)
No.A(E)/A3/2018/10/2
RBA No. 52/2018
New delhi, dt. 22.05.2018
Gerneral Managers/PFAs
All Indian Railways and PUs etc.
Sub: Changes in Appendix-3 of Indian Railway Establishment Manual, Volume– I(Revised Edition 1989)
Advanced correction Slip No. 244 Regarding addition in the Appendix – 3 of Indian Railway Establishment Manual, Volume-I (Revised Edition 1989) is enclosed herewith.
Kindly acknowledge the receipt.
DA: As above
(G. Kabui)
Director Finance(CCA),
Railway Board
O-O-O-O
Advance Correction Slip No.244 Indian Railway Establishment, Volume – I(Revised Edition 1989)
The following new para, namely 14 may be inserted at the end of Appendix-III
There is no provision of re-evaluation/re-assessment in Appendix-III Examination . Rechecks of totals of marks and arithmetic mistake are permissible only.
(Authority Board’s Letter No. No.A(E)/A3/2018/10/2 dated 22/05/2018.)
Sunday, June 3, 2018
Subsidiary Accounts Records
Subsidiary Accounts Records
5 marks question in 2016
Books & Budget (with books)
«
In addition to General Books i.e., 1) Daily Cash
Book 2) Monthly Cash Book 3) The Journal 4) The Ledger,
the following Subsidiary Accounts Records should be kept by each Accounting
circle.
1.
Register of Earnings - Should record the
earnings of the Railway under all the detailed heads of classification
prescribed in Volume II of the Indian Railway Financial Code. These registers
may be kept in convenient parts to facilitate application of statistics of
earnings.
2.
RAR - Revenue Allocation Registers - A separate
Allocation Register should be maintained for Abstracts A to N. Posted separately for expenses whether by
cash or book adjustment (through journal voucher -JV).
3.
Registers of Works - A collective record of
expenditure designed
A.
Control of expenditure with reference to the
Estimates
B.
For effecting budgetary control
C.
To enable any material modification occurring
being spotted.
4.
Suspense Registers - Reflect transactions which
cannot immediately be charged to final heads. Examples are
A.
Demands Payable Register
B.
Misc. Advances Register
C.
Loans & Advances Register
D.
Deposits unpaid Register
E.
Deposits Miscellaneous Register
5.
Register of Works expenditure classified under
different sources of finance i.e., Capital, DRF, DF etc
«
These records are of the utmost importance in as
much as they are designed to exhibit the details of the transactions under
Revenue, Capital, DRF, DF & Suspense heads.
«
Separate set of the above subsidiary registers
should be maintained to record the expenditure met from the contingency Fund.
«
Posted directly from the Vouchers or Summary
statement of vouchers like CO7.
*****
Management Accounting Topics for LDCE
MANAGEMENT ACCOUNTING – IMPORTANT AREAS
Note:
1) The below mentioned areas are arrived based on past question papers of LDCE for Accounts Department of various Zonal Railways
2) The list is not exhaustive.
v Functions of Management Accountant
v Distinguish between Management Accounting and Financial Accounting.
v Ratio Analysis
v Break Even Point
v Different types of Budget like Capital budget, cash budget etc
v Different types of costing like marginal costing, incremental costing etc
v Cost Benefit analysis
v Funds Flow, Cash Flow
v PERT and CPM
v Productivity Test
Differences between Provision and Reserves
Book
keeping -1984, 1987, 1988, 1995 (Most Important question)
Differences between
Provision
|
Reserves
|
1.
Meaning: Provide for a future expected
liability.
|
1.
Meaning: Retain a part of profit for future
use.
|
2.
Charge against profit. That means Provision is created before
arriving Profit/Loss. That is Debiting the P&L A/c
|
2.
Appropriation of profit. That means Reserve is created after
arriving the profit only. That is debiting P&L Appropriation A/c
|
3.
Provides for known liabilities and
anticipated losses. Example: Reserve
for Bad & Doubtful Debts (RBDD)
|
3.
Provides for increase in capital employed. Example: Reserve for creation of Capital
Asset/General Reserve
|
4.
Presence of profit is not required to create
Provision
|
4.
Profit must be present for the creation of
reserves.
|
5.
In case of assets it is shown as a deduction
from the concerned asset while if it is a provision for liability, it is
shown in the liabilities side.
|
5.
Shown on the liabilities side.
|
6.
Dividend can never be paid out of
provisions.
|
6.
Dividend can be paid out of reserves.
|
7.
Provisions can only be used, for which they
are created.
|
7.
Reserves can be used for any use as per the
decision of Management.
|
%%%%
Allocations - Practical question - 2016 - Books & Budget (with books)
Allocations - Practical question - 2016 - Books &
Budget (with books)
For the following items of expenditure/earning give:
Abstract of Allocation, Demand No. (Where applicable), Minor Head and Detailed
Head. 20 marks
Answer:
Note:
1) Due to merger of Rly.Budget with General Budget, all
Demands 3 to 13 are now subsumed into Single Demand
No.80 - Ministry of Railways.
The erstwhile Demands 3 to 13 are now named
as Sub Major Heads (SMH) 01 to 11 under Major Head 3002 - Indian Railways
Working Expenses (Commercial Lines) respectively.
2) Description of Demand/Minor Head/Sub Head/Detailed
Head is given for the purpose of understanding.
Need not be furnished in answer sheets.
3) Sub Head is not asked, yet furnished herein for
perusal.
4) For attempting these type of Allocation questions,
hard copy of Finance Code Volume 2 (F2) is must for preparation. Click for F2
5) Answers are furnished accurately. Still any discrepancy, please brought to the
notice to me.
QUESTION
|
ANSWER
|
||||||
S.N
|
Abstract
|
Demand
|
Sub Major Head (SMH)
|
Minor Head (MH)
|
Sub Head(SH)
|
Detailed Head
|
|
a
|
Running repair of traction motor of
Electric Locomotive (A.C)
|
C
|
05
R & M of Motive Power
|
03
|
500
Electric Locomotives
|
510
Running repairs in sheds.
|
512
Traction motors and other electrical
rotating machines.
|
b
|
Imported stores purchased in India
|
P
(Capital)
|
16
Assets-Acquisition, 'Construction and
Replacement.
|
_
|
7100
Stores Suspense
|
7120
Purchases-Indigenous purchase by Railways
including Railway Board
|
7121
Imported stores purchased in India
|
c
|
Salary payment of FA&CAO
|
A
|
03
General Superintendence and Services.
|
01
|
200
Financial Management
|
210
Accounts
|
211
Officers
|
d
|
Difference between the ledger balance
& ground balance discovered by the stock verifier
|
P
(Capital)
|
16
Assets-Acquisition, 'Construction and
Replacement.
|
_
|
7100
Stores Suspense
|
7180
Stock Adjustment A/c
|
7182
Difference between the
ledger balances and the ground balances, discovered during departmental stock
verification
|
e
|
Penalties levied for irregular
travelling by the TTEs in train
|
X
Coaching Earnings
|
-
|
-
|
700
Misc Coaching Receipts
|
710
Penalties levied for irregular
travelling
|
712
Penalties levied for Irregular travelling by T. T.Es. in trains
|
f
|
Expenditure on consultancy services for
Passenger Reservation System (Computerisation).
|
-
|
16
Assets-Acquisition, 'Construction and
Replacement.
|
_
|
1700
Computerization
|
1720
Passenger Reservation System
|
1725
Consultancy Software
|
g
|
Cost of Medicines.
|
J
|
11
Staff Welfare & Amenities
|
09
|
200
Medical services
|
230
Cost of Medicines
|
231
Cost of Medicines
|
h
|
Repair and working cost of staff car of
General Department
|
E
|
07
R & M of Plant and Equipment
|
05
|
800
Other Plant & Equipment - General
& Traffic Depts
|
830
Other repairs & Misc expenses
|
831
Service Motor Cars and Trolleys (Rail
and Road)-Repairs and working cost.
|
i
|
Contribution towards cost of order
police.
|
K
|
12
Misc. Working Expenses
|
10
|
100
Security
|
130
Order Police
|
131
Contributions towards the cost of order
police
|
j
|
Receipt from car/scooter/cycle parking
at stations/Rly. Premises.
|
Z
Sundry earnings
|
-
|
-
|
200
Rents & Tolls
|
240
Land
|
246
Receipts from
car/scooter/cycle parking at Stations/Rly premises
|
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