About Budget Sheet

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Give one sentence answer of the following questions.
1. In which part of budget sheet does record the inter head transfer?
 Ans: All transfer of budget such as inter head and inter office transfer are recorded in the Annual Appropriation Part of budget sheet.
2. Write any two parts of Budget Sheet.
Ans: The two parts of budget sheet are annual appropriation part and budget release part.
3. What is the AGF No. of Budget Sheet?
Ans: The AGF No. of budget sheet is 8.
4. How many parts are divided of budget sheet?
Ans: budget sheet divided into three parts. They are:
1. Annual Appropriation Part
2. Budget Release Part
3. Budget Expenditure Part

Give short answer of the following questions.
What is budget sheet? Describe the parts of budget sheet.
Ans: Budget sheet is a ledger for budgetary account for the control of budget from misuse, manipulation and embezzlement of budget it contains annual appropriation, budget release and budget expenditure parts. It gives information about the expenditures under the certain head after each month. It helps the office chief for supervision and control over budget. Budget Sheet is prepared after preparing journal voucher and Bank Cash Book.
The parts of budget sheet are described below.
1. Annual Appropriation Part
The upper part of the budget sheet which depicts the annual budget allocation for each budget head/ sub head. In this section annual appropriation for each budget head is mentioned. All transfer of budget such as inter- head and inter-office transfer shown in this part. If supplementary budget is received it is also to be mentioned in this part in the concerned head. It is not necessary to prepare journal voucher for the recording of transactions in this part.
2. Budget Release Part
This section of the budget sheet depicts the amount of budget release for each budget head to date out of the appropriation amount. The amounts released for each head are mentioned in the concerned column. Supplementary and additional budget release and transfer of budget also recorded under the concerned budget heads or sub heads. This part is maintained with the help of journal voucher.
3. Budget Expenditure Part
 Budget expenditure is the regular phenomenon of the spending offices. Expenditure made in any budget head must be supported by journal voucher for posting into this section of budget sheet. Payments which are not with in the budget heads are not required to post into expenditure section of budget sheet.



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