Railway Accounts Chapter III Quiz

Money withheld from employees' paychecks due to reasons like death or unknown whereabouts.

A register that keeps track of all unpaid wages.

Money kept by the Cashier for immediate payments.

A designated fund that receives unclaimed wages after three years. It's managed by a committee and used for employee benefits.

A process of transferring unclaimed wages to the Staff Benefit Fund after three years.

Family members (spouse or children) or designated dependents can claim unclaimed wages within seven years after the three-year holding period.

The time within which unclaimed wages are held by the paymaster before being transferred to the Staff Benefit Fund.

The official record of a railway's financial transactions, compiled monthly and submitted to the Railway Board.

The deadline for submitting accounts in the month after each month, except March, is the 6th of the second month following.

Accounts for June, September, and December are closed completely in the same way as March accounts, ensuring thoroughness and consistency.

The deadline for submitting accounts for June, September, and December is extended to the 16th of August, November, and February, respectively, to allow for detailed reconciliation and adjustments.

The March accounts are submitted by the 31st of July or an earlier date set by the Railway Board, allowing for potentially faster processing.

The main accounting books of a railway are closed every month to compile the monthly and annual financial statements.

Detailed subsidiary registers are reconciled with the General Books within a week of account submission to ensure accuracy and completeness.

An Accounts Officer certifies the reconciliation of the subsidiary registers by signing a certificate.

After closing the General Books, separate Accounts Current are prepared for Capital and Revenue transactions, summarizing the financial activity of the month.

When a new construction project's accounts are managed separately, a dedicated Account Current is prepared to track its finances.

A monthly report detailing financial transactions related to transfers between different railways, categorized into Capital, Revenue, and Construction accounts. It's used for reconciling transactions in the Railway Board.

A monthly report containing details of a railway's financial position related to capital investments in both open lines and new constructions. It's formatted according to Appendix XII.

Supplementary reports accompanying the Capital Account Current, providing detailed information about specific transactions under various capital account headings. They are prepared using Form A-327.

One of the Capital Account Schedules that specifically tracks transactions related to funds transferred to and from other railways.

A Capital Account Schedule providing detailed information about expenditures made under the 'Capital Outlay on Indian Railways - Commercial' budget category.

A form used by a paymaster (usually from Indian Railways) to transfer undisbursed wages from a suspense account to the Staff Benefit Fund.

A designated account where money is temporarily held before being allocated to its final destination. It is often used to hold funds that have not yet been disbursed to employees.

The process of identifying and determining who will receive the unpaid wages. This may involve the employee's chosen beneficiary or heirs.

The period during which an employee earns their wages, often a specific month or pay cycle.

The total amount of money due to an employee as wages that couldn't be paid, often because of issues with nomination or other factors.

The official document containing a list of all the employees who are owed undisbursed wages. It usually includes the employee's name, address, and the amount they are owed.

The official document containing a list of the employees who didn't receive their wages due to issues with their nominated beneficiary.

The person responsible for paying employees' wages. They might also be an authorized officer to handle the transfer of undisbursed funds.

A statement showing the income and expenses of a specific part of the railway, organized by account categories.

The principle that all entries in the Account Current should be shown after adjustments have been made, not the gross amounts before adjustments.

The column in the Account Current that shows the total transactions for the current official year, starting from the beginning of the year.

A monthly report specifically for the railway's revenue, prepared according to a prescribed format.

The Railway Board's approval is necessary for adding or removing major or minor account categories from the Revenue Account Current.

The Railway Board requires supplemental details about the revenue account, presented in various tables or summaries called schedules.

Specific schedules that must be submitted with the Revenue Account Current concerning expenses related to the 'Contingency Fund'.

Standard forms used in railway accounting, detailing information related to various account headings.

Breakdown of transactions into smaller categories, used in the schedules accompanying the Revenue Account Current.

Separate schedules are required for transactions related to money transferred between different railway divisions, showing both debits and credits.

The primary accounting records used by railway Accounts Officers to track financial transactions, including daily cash receipts and disbursements and book adjustments.

The detailed process of compiling the financial statements for a railway, including collecting receipts and disbursements, making adjustments, and preparing monthly and annual reports.

Transactions that involve physical cash movements like payment of salaries, collection of fare revenue, etc.

Financial activities that don't involve direct cash movement but still impact the railway's financial position, like adjusting entries for depreciation or transferring funds between departments.

The main record for cash transactions, documenting all cash receipts and disbursements in a daily summary.

The main record for all cash transactions within a railway, including receipts and payments.

A separate book kept for transactions related to capital investments, such as building new lines or purchasing equipment.

A separate book kept for transactions related to revenue, such as ticket sales or freight charges.

A form used to track the detailed allocation of cash transactions related to capital expenditure.

A document which summarizes all cash transactions for a given month, providing a more comprehensive overview of the railway's cash flow.

Entries in the General Cash Book (A-304) are posted from various sources.

This form records all cash receipts from station remittances.

This form is used to record the total amount of cheques drawn from each bank.

Expenditure under dispute should be charged to the year the decision is made, but efforts should be made to expedite the decision. Adjustments shouldn't be made to the previous year's accounts if the expenditure couldn't have been reasonably anticipated.

The Controlling Officer is responsible for proving that expenses couldn't have been reasonably anticipated. This emphasizes accountability and prevents using defective budgeting as an excuse.

After closing the books for a financial year, a complete financial statement of the railway's capital and revenue activities is prepared and submitted to the Railway Board by August 30th.

These accounts show the railway's transactions for the year under various heads of account, including opening and closing balances for suspense and debt accounts.

Accounts from subordinate offices should be consolidated into a single account for the entire railway, whether they are monthly or final accounts.

A document used to record adjustments to revenue or capital accounts, supported by narration and vouchers.

The process of adding all journal entries together before reporting monthly accounts. Includes revenues and cash transactions.

A system used to track all the finances of a railway department, including receipts and expenses.

Detailed records kept by railway departments, including earnings registers, revenue allocation, works, and suspense registers.

The deadline for submitting monthly accounts, usually on the 6th of the second month following the reporting month.

Extended deadline for submitting accounts for June, September, and December to allow for more detailed reconciliation.

Monthly accounts from divisions and workshops are submitted to the Chief Accounts Officer for compilation and final submission to the Railway Board.