WMS - Workshop Manufacturing Suspense Budget

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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.