Podcast
Questions and Answers
What is the account number for Indian Railway's Miscellaneous Receipts?
What is the account number for Indian Railway's Miscellaneous Receipts?
- 8000
- 3001
- 1002
- 1001 (correct)
Which account is associated with strategic lines for revenue receipts?
Which account is associated with strategic lines for revenue receipts?
- 1003 (correct)
- 3001
- 8000
- 3002
What type of fund does account number 8000 represent?
What type of fund does account number 8000 represent?
- Consolidated Fund
- Contingency Fund (correct)
- Railway Deposits
- Public Account
Which of the following accounts is NOT a part of the Consolidated Fund?
Which of the following accounts is NOT a part of the Consolidated Fund?
Which account deals with Deposits with the Reserve Bank for railways?
Which account deals with Deposits with the Reserve Bank for railways?
What account is associated with Appropriation to Accident Compensation?
What account is associated with Appropriation to Accident Compensation?
Which of the following represents the Indian Railway's Commercial Revenue Receipts?
Which of the following represents the Indian Railway's Commercial Revenue Receipts?
Which fund is specifically categorized as a non-contributory option?
Which fund is specifically categorized as a non-contributory option?
Which account is listed under debits in the railway financial records?
Which account is listed under debits in the railway financial records?
What is the code associated with the Staff Benefit Fund (Railways)?
What is the code associated with the Staff Benefit Fund (Railways)?
Which of the following is not categorized under 'Other Provident Funds'?
Which of the following is not categorized under 'Other Provident Funds'?
What type of fund is the 8337 account associated with?
What type of fund is the 8337 account associated with?
What is the purpose of account 3005?
What is the purpose of account 3005?
Which account is related to the transfer within the same Railway?
Which account is related to the transfer within the same Railway?
What does account 8797 pertain to?
What does account 8797 pertain to?
Which account is used for loans for co-operation?
Which account is used for loans for co-operation?
What is included in Part III of the document?
What is included in Part III of the document?
Account 8682 is primarily focused on which type of transactions?
Account 8682 is primarily focused on which type of transactions?
What is the significance of the total receipts at the beginning of the year?
What is the significance of the total receipts at the beginning of the year?
What does the account number 6425 indicate?
What does the account number 6425 indicate?
What purpose does account 3006 serve regarding funds?
What purpose does account 3006 serve regarding funds?
What type of funds are included under Reserve Funds?
What type of funds are included under Reserve Funds?
Which of the following accurately represents a transaction involving the adjustment debt settlement with Pakistan?
Which of the following accurately represents a transaction involving the adjustment debt settlement with Pakistan?
Which account is specifically designated for transactions relating to Bangladesh?
Which account is specifically designated for transactions relating to Bangladesh?
What does the code 8552 signify?
What does the code 8552 signify?
Which type of suspense account includes remittance into banks?
Which type of suspense account includes remittance into banks?
What is the purpose of the Suspense Account (Railways)?
What is the purpose of the Suspense Account (Railways)?
Which code is associated with transactions on behalf of the Reserve Bank?
Which code is associated with transactions on behalf of the Reserve Bank?
Which of the following best describes inter-government adjustment accounts?
Which of the following best describes inter-government adjustment accounts?
Which country is NOT listed in the suspense account transactions?
Which country is NOT listed in the suspense account transactions?
What is the function of the 8121 account?
What is the function of the 8121 account?
What does the account labeled '8788' primarily relate to?
What does the account labeled '8788' primarily relate to?
Which of the following accounts is related to international financial transactions?
Which of the following accounts is related to international financial transactions?
What type of funds does the 'General Provident Fund' account belong to?
What type of funds does the 'General Provident Fund' account belong to?
The term 'Remittance' in the context of these accounts often refers to what?
The term 'Remittance' in the context of these accounts often refers to what?
The account '8671' is associated with which of the following?
The account '8671' is associated with which of the following?
What does '8779' indicate in the context of the described accounts?
What does '8779' indicate in the context of the described accounts?
Which fund is specifically described as contributory?
Which fund is specifically described as contributory?
What type of transaction is represented by the 'Deposit Suspense Account'?
What type of transaction is represented by the 'Deposit Suspense Account'?
What is the significance of the 'Total Debits' in the account overview?
What is the significance of the 'Total Debits' in the account overview?
Which account would NOT typically involve an adjustment in transferring funds?
Which account would NOT typically involve an adjustment in transferring funds?
Which account is specifically tied to the Appropriation from the Consolidated Fund for safety and amenities?
Which account is specifically tied to the Appropriation from the Consolidated Fund for safety and amenities?
What type of receipts is accounted for under account number 1003?
What type of receipts is accounted for under account number 1003?
Which fund represents a financial reserve not appropriated from any consolidated fund?
Which fund represents a financial reserve not appropriated from any consolidated fund?
Under which part would 'Deposits with Reserve Bank' be classified?
Under which part would 'Deposits with Reserve Bank' be classified?
Which of the following accounts is associated with miscellaneous organisational activities?
Which of the following accounts is associated with miscellaneous organisational activities?
What is the primary purpose of account 8000?
What is the primary purpose of account 8000?
Which of the following correctly represents a source of financial receipts from strategic lines?
Which of the following correctly represents a source of financial receipts from strategic lines?
What is the primary focus of account 8672?
What is the primary focus of account 8672?
Which account number corresponds to transactions involving transfers related to railway personnel provident funds?
Which account number corresponds to transactions involving transfers related to railway personnel provident funds?
Which account deals with additional payments towards wages in connection with railway operations?
Which account deals with additional payments towards wages in connection with railway operations?
What type of transactions does account 8679 specifically pertain to?
What type of transactions does account 8679 specifically pertain to?
Which account type is associated with the remittance of treasure costs?
Which account type is associated with the remittance of treasure costs?
Which of the following accounts is categorized under Miscellaneous Loans?
Which of the following accounts is categorized under Miscellaneous Loans?
Which of the following accounts is specifically related to the Contingency Fund?
Which of the following accounts is specifically related to the Contingency Fund?
What kind of accounts does the code 8797 pertain to?
What kind of accounts does the code 8797 pertain to?
Which type of fund is represented by account number 8121?
Which type of fund is represented by account number 8121?
What is included under the 'Total Charges of the year' section?
What is included under the 'Total Charges of the year' section?
Which account number is associated with loans for the cooperation of consumer cooperatives?
Which account number is associated with loans for the cooperation of consumer cooperatives?
Which account is NOT associated with advances for the purchase of conveyances?
Which account is NOT associated with advances for the purchase of conveyances?
What account number represents the loans to Railwaymen’s Consumer Cooperatives?
What account number represents the loans to Railwaymen’s Consumer Cooperatives?
Which account number primarily deals with miscellaneous advances?
Which account number primarily deals with miscellaneous advances?
What is the purpose of account 8682 within the financial records?
What is the purpose of account 8682 within the financial records?
Which of the following accounts directly relates to transactions involving adjustments with foreign governments?
Which of the following accounts directly relates to transactions involving adjustments with foreign governments?
Which of the following is included in Part I of the financial overview?
Which of the following is included in Part I of the financial overview?
What does account 3006 indicate about the financial transactions?
What does account 3006 indicate about the financial transactions?
What is the primary function of the 8658 Suspense Account within railway finances?
What is the primary function of the 8658 Suspense Account within railway finances?
In the financial accounts, what does the term 'Contingency Fund' refer to?
In the financial accounts, what does the term 'Contingency Fund' refer to?
Which account number is associated with the advances made to railway personnel?
Which account number is associated with the advances made to railway personnel?
Which of the following best describes a transaction that would be recorded under the 'Remittance' category?
Which of the following best describes a transaction that would be recorded under the 'Remittance' category?
Which account is associated with the appropriation of funds for railway development?
Which account is associated with the appropriation of funds for railway development?
The account labeled as 'K—Deposits and Advances' primarily handles which of the following?
The account labeled as 'K—Deposits and Advances' primarily handles which of the following?
What type of transactions does account 6400 represent?
What type of transactions does account 6400 represent?
Which of the following accounts is NOT noted for handling adjustments between officers?
Which of the following accounts is NOT noted for handling adjustments between officers?
Which Suspense Account is specifically indicated to deal with remittances into banks?
Which Suspense Account is specifically indicated to deal with remittances into banks?
The account labeled '8675' primarily deals with which financial aspect?
The account labeled '8675' primarily deals with which financial aspect?
What does account number 8121 refer to in relation to railway financial management?
What does account number 8121 refer to in relation to railway financial management?
What aspect of financial management does Part III address?
What aspect of financial management does Part III address?
What kind of transactions are recorded in the L—Suspense and Miscellaneous account?
What kind of transactions are recorded in the L—Suspense and Miscellaneous account?
Which of the following accounts pertains to the transactions of railways in Bangladesh?
Which of the following accounts pertains to the transactions of railways in Bangladesh?
Which account deals with adjustments related to payments made to stakeholders in the railways?
Which account deals with adjustments related to payments made to stakeholders in the railways?
Flashcards
Revenue Accounts
Revenue Accounts
The section of a budget that includes revenue generated from various sources.
Opening Balances
Opening Balances
The initial balance of funds available at the beginning of the financial year.
Closing Balances
Closing Balances
The final balance of funds remaining after the financial year.
Commercial Lines Revenue
Commercial Lines Revenue
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Strategic Lines Revenue
Strategic Lines Revenue
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Working Expenses
Working Expenses
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Contingency Fund
Contingency Fund
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Total Receipts of the Year
Total Receipts of the Year
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Balance Brought Forward from Last Year
Balance Brought Forward from Last Year
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Traffic Account
Traffic Account
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Railway Revenue
Railway Revenue
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Foreign Railways
Foreign Railways
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Demands Recoverable
Demands Recoverable
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Public Account
Public Account
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Loans for Co-operation Consumer Co-operatives
Loans for Co-operation Consumer Co-operatives
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Reserve Funds
Reserve Funds
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Staff Benefit Fund (Rly.)
Staff Benefit Fund (Rly.)
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Suspense Account
Suspense Account
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Accounts with Govt. of Foreign Countries
Accounts with Govt. of Foreign Countries
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Departmental Advances
Departmental Advances
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Remittance Suspense
Remittance Suspense
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Inter Government Adjustment Accounts
Inter Government Adjustment Accounts
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Transactions relating to Bangladesh
Transactions relating to Bangladesh
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Transactions relating to Bangladesh -- Railways
Transactions relating to Bangladesh -- Railways
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Railway advances
Railway advances
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Adjusting Account
Adjusting Account
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Provident Fund
Provident Fund
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Department Balances
Department Balances
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What are Strategic Lines Revenue used for?
What are Strategic Lines Revenue used for?
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What is the Contingency Fund?
What is the Contingency Fund?
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What is revenue from Foreign Railways?
What is revenue from Foreign Railways?
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Where are the Indian Railway's deposits held?
Where are the Indian Railway's deposits held?
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What are Inter Government Adjustment Accounts used for?
What are Inter Government Adjustment Accounts used for?
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What are Loans for Co-operation Consumer Co-operatives?
What are Loans for Co-operation Consumer Co-operatives?
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What is Railway Revenue?
What is Railway Revenue?
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Railway Revenue Reserve fund
Railway Revenue Reserve fund
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Remittance Suspense Account
Remittance Suspense Account
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Study Notes
Railway Final Revenue Accounts
- Financial statements for a railway, showing revenue, debits, and credits for a specific year.
- Part 1 details consolidated accounts, including miscellaneous receipts from commercial and strategic lines.
- Part 2 involves contingency funds, appropriations from consolidated and other funds. Includes working expenses (final heads only) broken down by commercial and strategic lines, and funding for accident compensation, safety, passenger amenities.
- Part 3 is the public account, outlining deposits with the reserve bank and inter-officer transactions. Includes specific accounts like "Policy Formulation, Direction, Research and other Miscellaneous Organizations" which are categorized as final heads.
- Other sections list various accounts relating to loans, advances, and intergovernmental transactions. Accounts exist for employee benefits like pension fund, and provident funds, including contributory and non-contributory ones. Railway-specific funds like "Railway Development Funds" and "Staff Benefit Fund" are included.
- Data includes amounts, totals, and specific account types for both debits and credits. Includes information on various railway lines/divisions.
- Financial records for railway operations, revenue, expenditures, and balances.
- The accounts cover the opening and closing balances.
- Include transactions involving exchange accounts between railways, and payments/dividends to general revenues.
- Information regarding intergovernmental and foreign country transactions, including those with Pakistan, Burma (Myanmar), and Bangladesh.
- Different accounts exist for various activities within the railway system.
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Description
Explore the detailed financial statements of a railway, covering revenue, debits, and credits for a specific year. This quiz delves into various sections, including consolidated accounts, contingency funds, and the public account, highlighting important aspects like employee benefits and intergovernmental transactions.
