E office PPT by Shri Uday Kiran Bora, AWAO/CRS/TPTY

 

E office presentation from Nageswara Rao M

Book keeping adjustments - Comprehensive coverage on the topic of Final Accounts - by Shri Uday Kiran Bora, SSO(A)/SCR

 

Comprehensive coverage on the topic of Final Accounts    

by  Shri Uday Kiran Bora, SSO(A)/SCR, Mobile: 9242323381                                               

Click for Book keeping Adjustments

 

WGR in Workshop Accounts

WGR - Workshop General Register

                       Shri Uday Kiran Bora, PS to PFA/SCR, 

Mobile: 9242323381

 

·         A Workshop has number of shops viz. Lathe, Assembly, Saw mill, Smithy etc.,

 ·         A work order is an authority issued by Production Control Office to initiate any work in a shop.

 ·         A work order will be enclosed with Route card (process of operations), material required etc.

 ·         Job card will move along with physical work, on which the timings of staff worked on this work are noted.

 

·         Average Rate per hour =        Total wages paid (incl. Allowances)

§  Total no of hours worked in a month.

 

 ·         Necessity of Costing in Workshops: To know the output/outturn of any work and also to check whether the work is financially viable or not.  

Costs are divided into
Prime Costs (Direct Costs)	On Costs (Indirect costs)

 

 ·         Prime costs = direct labour costs + direct material costs

 ·         Oncosts = indirect labour costs + indirect material costs

 ·         Note: In workshops – Oncosts and in Productions it is overhead charges.

 

Calculation of cost for a work:

 

Material used for all works in a shop	Labour for all works in a shop
1. Stores from stores depot	1. Total labour cost = total no. Of hours * average rate per hour
2. Direct Purchases	2. Incentive cost based on job card
3. Received from other railways	3. Misc. Costs
4. Credits (Returned stores)
Total: Stores subledger of the shop (1+2+3+4)	Total: Labour subledger of the shop (1+2+3)
All shops added: Stores subledger of the workshop	All shops added: Labour subledger of the workshop.
Workshop General Register
Out Turn Statement Part – I	Out Turn Statement Part – II
Outlay adjustable during the month	Outlay on works in progress & completed works – awaiting acceptance by the concerned parties.

 ·         Parallelly Check Sheet is prepared from the summary of the stores subledgers and labour subledger to see that all the entries are entered in WGR.   

 ·         Workshop General Register: The totals of Stores subledger of the workshop and Labour subledger of the shop are noted in a register, shop wise and work order wise, for a month is called Workshop General Register.

 ·         Out Turn Statement: From workshop general register, the Out Turn Statement Part- I and Out Turn Statement Part-II are prepared. Out Turn Statement is prepared to check whether it is booked to proper heads of account or not.

 

***