Podcast
Questions and Answers
What are 'Worked Lines' primarily defined as?
What are 'Worked Lines' primarily defined as?
- Lines specifically constructed for high-speed trains only.
- Lines that do not require any agreements for operations.
- Lines constructed by mainline companies only.
- Lines worked by the main line system after being constructed by various other entities. (correct)
Which of the following must be made according to the respective agreements concerning Worked Lines?
Which of the following must be made according to the respective agreements concerning Worked Lines?
- All revenues generated from the main line system.
- Operational changes made to the working lines.
- Adjustments of working expenses and sharing of earnings. (correct)
- Revised line construction costs.
What is included in the coaching earnings of the system?
What is included in the coaching earnings of the system?
- Only the charges levied by the mainline companies.
- Fares, freight charges, and special charges such as GST. (correct)
- Fares minus all taxes without any additional charges.
- Tax free fares and any donations received.
What should be done with the taxes included in fares before apportioning them between the Main and Worked Lines?
What should be done with the taxes included in fares before apportioning them between the Main and Worked Lines?
What type of charges is categorically stated as not payable to Worked Lines?
What type of charges is categorically stated as not payable to Worked Lines?
Which type of agreement must the Traffic Accounts Office maintain for each Worked Line?
Which type of agreement must the Traffic Accounts Office maintain for each Worked Line?
What should readily be available in the Traffic Accounts Office regarding Worked Lines?
What should readily be available in the Traffic Accounts Office regarding Worked Lines?
Which of the following is NOT a factor in calculating the earnings share of a Worked Line?
Which of the following is NOT a factor in calculating the earnings share of a Worked Line?
What is meant by 'apportionment' in the context of Worked Lines?
What is meant by 'apportionment' in the context of Worked Lines?
What general principle should be followed when compiling accounts for Worked Lines?
What general principle should be followed when compiling accounts for Worked Lines?
Which type of charges should be excluded from fare and freight charges?
Which type of charges should be excluded from fare and freight charges?
Which of the following is included under Coaching Traffic?
Which of the following is included under Coaching Traffic?
What should be done with items debitable to the Worked Lines?
What should be done with items debitable to the Worked Lines?
How should the total of items for calculations be rounded?
How should the total of items for calculations be rounded?
What determines the apportionment between the Main line and Worked Lines?
What determines the apportionment between the Main line and Worked Lines?
What action should be taken for refunds allowed during delivery of goods?
What action should be taken for refunds allowed during delivery of goods?
Which of the following is an example of an item that should be accounted for in Goods Traffic?
Which of the following is an example of an item that should be accounted for in Goods Traffic?
Which item is typically not credited to the Worked Lines?
Which item is typically not credited to the Worked Lines?
Which records are vital for calculating amounts related to refunds?
Which records are vital for calculating amounts related to refunds?
What should be done with items taken to special debit by stations?
What should be done with items taken to special debit by stations?
What should be prepared monthly to determine the amount payable to each Worked Line?
What should be prepared monthly to determine the amount payable to each Worked Line?
In cases with advance payments, what needs to be included in the statements of each Worked Line's earnings?
In cases with advance payments, what needs to be included in the statements of each Worked Line's earnings?
What is one of the primary challenges in compiling Worked Line accounts?
What is one of the primary challenges in compiling Worked Line accounts?
What must be done to rectify errors in the Worked Line accounts?
What must be done to rectify errors in the Worked Line accounts?
When are adjustments made between actual and approximate figures for Worked Lines?
When are adjustments made between actual and approximate figures for Worked Lines?
What can happen during the process of apportionment of fare and freight charges?
What can happen during the process of apportionment of fare and freight charges?
What should be deducted from the total earnings to find approximate net earnings payable to Worked Lines?
What should be deducted from the total earnings to find approximate net earnings payable to Worked Lines?
What is the purpose of preparing statements under the agreement for Worked Lines?
What is the purpose of preparing statements under the agreement for Worked Lines?
What should be excluded from fare and freight charges before apportionment?
What should be excluded from fare and freight charges before apportionment?
If an overcharge amount is apportioned and refunded later, what should happen next?
If an overcharge amount is apportioned and refunded later, what should happen next?
What could incorrect filling in of distance lead to in Worked Line accounts?
What could incorrect filling in of distance lead to in Worked Line accounts?
What must happen with overpayments or underpayments to Worked Lines?
What must happen with overpayments or underpayments to Worked Lines?
How should penalty and clerkage charges be allocated?
How should penalty and clerkage charges be allocated?
What is the primary basis for the Worked Line share allocation?
What is the primary basis for the Worked Line share allocation?
Which authority is responsible for apportioning traffic for Deposit Private Companies?
Which authority is responsible for apportioning traffic for Deposit Private Companies?
Which document prescribes the route for Parcel traffic apportionment?
Which document prescribes the route for Parcel traffic apportionment?
What happens to undercharges during apportionment?
What happens to undercharges during apportionment?
For cases involving deviated traffic, what must be adjusted during apportionment?
For cases involving deviated traffic, what must be adjusted during apportionment?
What should be done with entries pertaining to each Worked Line?
What should be done with entries pertaining to each Worked Line?
Which method can be used in the absence of a jurisdictional Zonal Railway for apportionment?
Which method can be used in the absence of a jurisdictional Zonal Railway for apportionment?
What is the requirement for handling overcharges in relation to Worked Lines?
What is the requirement for handling overcharges in relation to Worked Lines?
In the absence of a designated Zonal Railway, how should the Worked Line share be determined?
In the absence of a designated Zonal Railway, how should the Worked Line share be determined?
Which of the following types of charges can be credited to the Main or Worked Line stations?
Which of the following types of charges can be credited to the Main or Worked Line stations?
How should the apportionment of Parcel traffic be guided?
How should the apportionment of Parcel traffic be guided?
What should be included in the apportionment for traffic carried over to Worked Lines?
What should be included in the apportionment for traffic carried over to Worked Lines?
What should be done with Special Charges levied for purposes unconnected with Worked Lines?
What should be done with Special Charges levied for purposes unconnected with Worked Lines?
Which document governs the principles for the Worked Line share?
Which document governs the principles for the Worked Line share?
What is required of entries pertaining to each Worked Line?
What is required of entries pertaining to each Worked Line?
Which statement is true regarding the apportionment of traffic for Deposit Private Companies?
Which statement is true regarding the apportionment of traffic for Deposit Private Companies?
What should happen if an overcharge amount is settled and refunded later?
What should happen if an overcharge amount is settled and refunded later?
What must be consistently monitored and maintained for reference in the Traffic Accounts Office regarding Worked Lines?
What must be consistently monitored and maintained for reference in the Traffic Accounts Office regarding Worked Lines?
Which category of earnings should be confirmed by referencing the agreement before calculation for a Worked Line?
Which category of earnings should be confirmed by referencing the agreement before calculation for a Worked Line?
What type of charges related to coaching earnings is specifically stated to not be allocated to Worked Lines?
What type of charges related to coaching earnings is specifically stated to not be allocated to Worked Lines?
Within the scope of Worked Lines, what must be excluded from fares before apportioning to the Main and Worked Lines?
Within the scope of Worked Lines, what must be excluded from fares before apportioning to the Main and Worked Lines?
When calculating the share of earnings for Worked Lines, what aspect of their agreement should be adhered to?
When calculating the share of earnings for Worked Lines, what aspect of their agreement should be adhered to?
What principle should be followed while compiling accounts to adjust working expenses from Worked Lines?
What principle should be followed while compiling accounts to adjust working expenses from Worked Lines?
What must be included in the statements prepared for Worked Lines when advance payments are applicable?
What must be included in the statements prepared for Worked Lines when advance payments are applicable?
Which of the following is considered a component of the coaching earnings for the Worked Line system?
Which of the following is considered a component of the coaching earnings for the Worked Line system?
What must be done with the overall amounts calculated for earnings before making any allocations to Worked Lines?
What must be done with the overall amounts calculated for earnings before making any allocations to Worked Lines?
What is a critical reason for subjecting Worked Line accounts to a rigorous test-check?
What is a critical reason for subjecting Worked Line accounts to a rigorous test-check?
During the calculation of approximate net earnings for Worked Lines, what must be deducted from total earnings?
During the calculation of approximate net earnings for Worked Lines, what must be deducted from total earnings?
How should the special charges like pilgrim tax and cartage be handled in the context of apportionment?
How should the special charges like pilgrim tax and cartage be handled in the context of apportionment?
What kind of financial summary should be maintained for each Worked Line to assist in future auditing and reference?
What kind of financial summary should be maintained for each Worked Line to assist in future auditing and reference?
What is one of the primary difficulties in the reconciliation of Worked Line accounts?
What is one of the primary difficulties in the reconciliation of Worked Line accounts?
What should happen to the balance amount representing approximate net earnings payable to each Worked Line?
What should happen to the balance amount representing approximate net earnings payable to each Worked Line?
Which statement about errors in Worked Line accounts is true?
Which statement about errors in Worked Line accounts is true?
What action should be taken with overpayments or underpayments identified in the Worked Line accounts?
What action should be taken with overpayments or underpayments identified in the Worked Line accounts?
What role does the Booking Section play in the Worked Line payment process?
What role does the Booking Section play in the Worked Line payment process?
What type of adjustments are made when actual earnings for the year are known?
What type of adjustments are made when actual earnings for the year are known?
What must be done when discrepancies are found in the Worked Line accounts?
What must be done when discrepancies are found in the Worked Line accounts?
Which items must be collected exclusively from the Station Balance Sheets of Worked Line stations?
Which items must be collected exclusively from the Station Balance Sheets of Worked Line stations?
How should refunds allowed at the time of delivery of goods be accounted for?
How should refunds allowed at the time of delivery of goods be accounted for?
Which of the following statements about Gross Earnings of Worked Lines is correct?
Which of the following statements about Gross Earnings of Worked Lines is correct?
What should be included in the calculations for apportionment between the Main and Worked Lines?
What should be included in the calculations for apportionment between the Main and Worked Lines?
Which items debited to the Worked Lines should be captured from the entire system?
Which items debited to the Worked Lines should be captured from the entire system?
For which situation should adjustments be made in Worked Lines accounts?
For which situation should adjustments be made in Worked Lines accounts?
What is the rounding rule for total earnings calculations?
What is the rounding rule for total earnings calculations?
Which category of charges is explicitly stated as non-payable to Worked Lines?
Which category of charges is explicitly stated as non-payable to Worked Lines?
Which elements need to be captured from the Coaching Balance Sheets?
Which elements need to be captured from the Coaching Balance Sheets?
What is required when processing accounts during the apportionment of traffic?
What is required when processing accounts during the apportionment of traffic?
Flashcards
Worked Lines
Worked Lines
Railway lines built and maintained by other entities but operated by the main line company.
Worked Line Agreements
Worked Line Agreements
Agreements outlining the terms of operation, earnings distribution, and expense allocation for Worked Lines.
Worked Line Adjustment
Worked Line Adjustment
The process of calculating and allocating earnings and expenses between the main line and Worked Lines based on their agreements.
Coaching Earnings
Coaching Earnings
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Special Coaching Charges
Special Coaching Charges
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Cartage Charges
Cartage Charges
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Apportioning Coaching Earnings
Apportioning Coaching Earnings
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Taxes and Terminal Charges Exclusion
Taxes and Terminal Charges Exclusion
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Worked Line Accounting Principles
Worked Line Accounting Principles
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Accountability and Accessibility
Accountability and Accessibility
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Special Charges Exclusion
Special Charges Exclusion
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Undercharge Apportionment
Undercharge Apportionment
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Overcharge Exclusion
Overcharge Exclusion
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Overcharge Recovery
Overcharge Recovery
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Penalty and Clerkage Charges Credit
Penalty and Clerkage Charges Credit
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Junction Charges Credit
Junction Charges Credit
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Worked Line Entry Collection
Worked Line Entry Collection
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Traffic Grouping
Traffic Grouping
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Parcel Traffic Apportionment
Parcel Traffic Apportionment
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Worked Line Share Determination
Worked Line Share Determination
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Excluded Special Charges
Excluded Special Charges
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What does Coaching Traffic Revenue include?
What does Coaching Traffic Revenue include?
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What does Goods Traffic Revenue include?
What does Goods Traffic Revenue include?
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What are the items debitable to Worked Lines?
What are the items debitable to Worked Lines?
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What is the total amount of earnings to be divided?
What is the total amount of earnings to be divided?
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How are earnings divided between the Main Line and Worked Lines?
How are earnings divided between the Main Line and Worked Lines?
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How does the refund process affect Worked Line earnings?
How does the refund process affect Worked Line earnings?
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How are earnings rounded for the purposes of calculation?
How are earnings rounded for the purposes of calculation?
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What determines the apportionment of earnings between the Main Line and Worked Lines?
What determines the apportionment of earnings between the Main Line and Worked Lines?
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How are refunds for goods and services handled?
How are refunds for goods and services handled?
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Worked Line Statement
Worked Line Statement
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Advance Payment to Worked Lines
Advance Payment to Worked Lines
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Test Check of Worked Line Accounts
Test Check of Worked Line Accounts
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Worked Line Account Discrimination
Worked Line Account Discrimination
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Worked Line Account Mistakes
Worked Line Account Mistakes
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Worked Line Error Rectification
Worked Line Error Rectification
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Recovery and Payment to Worked Lines
Recovery and Payment to Worked Lines
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Supervision and Testing of Worked Line Accounts
Supervision and Testing of Worked Line Accounts
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Preventing Worked Line Accounting Errors
Preventing Worked Line Accounting Errors
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What are 'Worked Lines'?
What are 'Worked Lines'?
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What are 'Worked Line Agreements'?
What are 'Worked Line Agreements'?
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What is 'Worked Line Adjustment'?
What is 'Worked Line Adjustment'?
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What are 'Coaching Earnings'?
What are 'Coaching Earnings'?
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What are 'Special Coaching Charges'?
What are 'Special Coaching Charges'?
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What are 'Cartage Charges'?
What are 'Cartage Charges'?
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What is 'Apportioning Coaching Earnings'?
What is 'Apportioning Coaching Earnings'?
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What are 'Taxes and Terminal Charges Exclusion'?
What are 'Taxes and Terminal Charges Exclusion'?
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What are 'Worked Line Accounting Principles'?
What are 'Worked Line Accounting Principles'?
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What are 'Accountability and Accessibility'?
What are 'Accountability and Accessibility'?
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Overcharge Exclusion & Recovery
Overcharge Exclusion & Recovery
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Study Notes
Accounts of Worked Lines
- Worked lines are lines constructed by companies, and privately operated.
- They're worked by a main line system.
- Agreements outline the terms of operation and revenue distribution.
- Agreements cover earnings (gross) and operating expenses.
- These details (above) need to be maintained for each worked line.
- Expenditure and payment related to these lines should follow the agreements' guidelines.
- A summary of the agreement's key features, including earnings, expense shares, apportionment methods, GST provisions, and any rebates, should be kept in the accounts office.
- Copies of these agreements should be available in the Traffic Accounts Office.
Coaching Traffic
- Coaching traffic earnings calculations reference the agreement.
- Earnings comprise fares and freight charges for coaches, and additional payments (pilgrim tax, etc.).
- Taxes and terminal charges are excluded from calculated fares before allocating between main and worked lines.
- Cartage (transport) charges aren't payable to worked lines; they're removed before apportionment.
Calculation of Worked Line Share
- Adjusted working expenses and earned revenues are calculated per the agreements.
- General principles are outlined to support these calculations.
- Calculations ensure fairness and accuracy between main and worked lines.
- Calculation also involves the adjustments of the working expenses on worked lines, or the proportion of earnings to be paid to them.
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Description
This quiz covers the financial and operational aspects of worked lines and coaching traffic agreements. It includes details on earnings calculations, expense shares, and the maintenance of accounts according to contractual guidelines. Test your understanding of the key features and regulations governing these agreements.
