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Questions and Answers
What are the three Sub major Heads under which the Revenue of Railways is classified?
What are the three Sub major Heads under which the Revenue of Railways is classified?
- Revenue from Coaching traffic, Revenue from goods traffic, Sundry other Revenue (correct)
- Revenue from freight traffic, Revenue from passenger traffic, Revenue from maintenance
- Revenue from ticket sales, Revenue from cargo, Revenue from advertising
- Revenue from Railway property, Revenue from coaching traffic, Sundry other Revenue
Which detailed head would be referred to as 'X-122'?
Which detailed head would be referred to as 'X-122'?
- Clerkage charges
- Reservation charges
- Season and Zone tickets (correct)
- Special trains revenue
Which of the following is NOT a permissible action for Railway Administration regarding the classification of revenue?
Which of the following is NOT a permissible action for Railway Administration regarding the classification of revenue?
- Change the nomenclature of sub-heads (correct)
- Introduce new detailed heads
- Abolish detailed heads
- Rearrange minor heads
What does item X. 141 record?
What does item X. 141 record?
Under which detailed head would penalties for irregular travelling be recorded?
Under which detailed head would penalties for irregular travelling be recorded?
What type of revenue does item X. 200 describe?
What type of revenue does item X. 200 describe?
Which term is used to classify the reduced fare for theatrical parties under the revenue classification?
Which term is used to classify the reduced fare for theatrical parties under the revenue classification?
What category does unclaimed and damaged goods fall under?
What category does unclaimed and damaged goods fall under?
Which activity is categorized under Non-fare Revenue?
Which activity is categorized under Non-fare Revenue?
Which item is explicitly listed under miscellaneous non-fare revenue activities?
Which item is explicitly listed under miscellaneous non-fare revenue activities?
What do interest and maintenance charges on account of assets pertain to?
What do interest and maintenance charges on account of assets pertain to?
What type of revenue does 'Interactive services in railway premises' belong to?
What type of revenue does 'Interactive services in railway premises' belong to?
What does a refund in respect to a particular transaction imply?
What does a refund in respect to a particular transaction imply?
Which of the following is NOT included in military traffic?
Which of the following is NOT included in military traffic?
Which type of land licensing falls under the category of Z-242?
Which type of land licensing falls under the category of Z-242?
Where should receipts from car and scooter parking at stations be recorded?
Where should receipts from car and scooter parking at stations be recorded?
Unclaimed freight demurrage on goods should be charged to which of the following?
Unclaimed freight demurrage on goods should be charged to which of the following?
What kind of revenue does Z-243 cover?
What kind of revenue does Z-243 cover?
What would NOT be categorized under refunds of revenue collected?
What would NOT be categorized under refunds of revenue collected?
Which option represents an activity related to commercial licensing of railway land?
Which option represents an activity related to commercial licensing of railway land?
What comprises the haulage cost of pantry cars?
What comprises the haulage cost of pantry cars?
Which of the following is NOT classified as a recovery related to charges for services rendered?
Which of the following is NOT classified as a recovery related to charges for services rendered?
Which type of recovery is related to Railway servants summoned by the court?
Which type of recovery is related to Railway servants summoned by the court?
What type of revenue is associated with excess fares collected by ticket checking staff?
What type of revenue is associated with excess fares collected by ticket checking staff?
What is the classification for amounts recovered from vendors for conservancy charges?
What is the classification for amounts recovered from vendors for conservancy charges?
Which of the following is considered a minor head of revenue classification?
Which of the following is considered a minor head of revenue classification?
Which recovery is linked to Railway rest houses?
Which recovery is linked to Railway rest houses?
What does the 'Forfeited State Railway Provident Fund Bonus' pertain to?
What does the 'Forfeited State Railway Provident Fund Bonus' pertain to?
Which option represents charges that have been forfeited?
Which option represents charges that have been forfeited?
What is the classification for the fee structure related to 'Ordinary full fares'?
What is the classification for the fee structure related to 'Ordinary full fares'?
What should be credited when a link to compensation payment is established within the same financial year?
What should be credited when a link to compensation payment is established within the same financial year?
What action should be taken when a consignment of goods is lost and the sale proceeds are not enough to cover freight?
What action should be taken when a consignment of goods is lost and the sale proceeds are not enough to cover freight?
Where should repayments be adjusted if they were initially credited to the revenue?
Where should repayments be adjusted if they were initially credited to the revenue?
What is implied when there is a link established to K-900 but not within the same financial year?
What is implied when there is a link established to K-900 but not within the same financial year?
In exceptional cases where consignments are sold in one lot, what must be adjusted against the sale proceeds?
In exceptional cases where consignments are sold in one lot, what must be adjusted against the sale proceeds?
If the sale proceeds of an unclaimed consignment of goods are insufficient, what should be done?
If the sale proceeds of an unclaimed consignment of goods are insufficient, what should be done?
What is the treatment for compensation payments when no liability is implied for unclaimed articles?
What is the treatment for compensation payments when no liability is implied for unclaimed articles?
When adjusting freight and demurrage, what proportion should be used?
When adjusting freight and demurrage, what proportion should be used?
What happens to excess amounts of freight if not covered by sale proceeds?
What happens to excess amounts of freight if not covered by sale proceeds?
For which case is a credit to 'Deduct Refunds' applicable?
For which case is a credit to 'Deduct Refunds' applicable?
Which detailed head is associated with the reservation charges for special trains?
Which detailed head is associated with the reservation charges for special trains?
What is the correct classification for penalties imposed for irregular traveling?
What is the correct classification for penalties imposed for irregular traveling?
Which item encompasses total receipts from special postal trains including engine power?
Which item encompasses total receipts from special postal trains including engine power?
Which item would not be included in the detailed head for 'full fares'?
Which item would not be included in the detailed head for 'full fares'?
Under which classification would excess fares be categorized?
Under which classification would excess fares be categorized?
What is the appropriate classification for charges related to clerkage on non-issued tickets?
What is the appropriate classification for charges related to clerkage on non-issued tickets?
Which minor head covers revenue obtained from theatrical parties for reduced fares?
Which minor head covers revenue obtained from theatrical parties for reduced fares?
Which of the following accurately describes an item included under miscellaneous non-fare revenue activities?
Which of the following accurately describes an item included under miscellaneous non-fare revenue activities?
Which activity is classified under interest and maintenance charges on account of assets?
Which activity is classified under interest and maintenance charges on account of assets?
What category does interest and maintenance charges on assets attributable to coaching services fall into?
What category does interest and maintenance charges on assets attributable to coaching services fall into?
Which of the following is NOT considered a permissible source of miscellaneous revenue?
Which of the following is NOT considered a permissible source of miscellaneous revenue?
Which item pertains specifically to advertisement activities within the railway network?
Which item pertains specifically to advertisement activities within the railway network?
What should be credited when a compensation payment link is established within the same financial year?
What should be credited when a compensation payment link is established within the same financial year?
What action should be taken regarding freight when the sale proceeds of a damaged consignment are insufficient?
What action should be taken regarding freight when the sale proceeds of a damaged consignment are insufficient?
In exceptional cases where multiple consignments are sold together, how should the aggregate of freight and demurrage be adjusted?
In exceptional cases where multiple consignments are sold together, how should the aggregate of freight and demurrage be adjusted?
When there is no implied liability for compensation payment regarding unclaimed articles, where should the payments be credited?
When there is no implied liability for compensation payment regarding unclaimed articles, where should the payments be credited?
If sale proceeds of goods are inadequate to cover freight and demurrage, what should happen to the excess amounts?
If sale proceeds of goods are inadequate to cover freight and demurrage, what should happen to the excess amounts?
What should be done with repayments of revenue that were credited initially?
What should be done with repayments of revenue that were credited initially?
What occurs when the sale proceeds of an unclaimed consignment are not sufficient to cover freight and demurrage?
What occurs when the sale proceeds of an unclaimed consignment are not sufficient to cover freight and demurrage?
When a link to K-900 is established but not within the same financial year, what is implied?
When a link to K-900 is established but not within the same financial year, what is implied?
How should the freight and demurrage be treated when individual consignment sale proceeds cannot be ascertained in exceptional cases?
How should the freight and demurrage be treated when individual consignment sale proceeds cannot be ascertained in exceptional cases?
Which detailed head pertains to the rights for telecommunications infrastructure laid out by the railway?
Which detailed head pertains to the rights for telecommunications infrastructure laid out by the railway?
What kind of revenue is associated with 'Receipts from IRCTC for Haulage of Pantry Cars'?
What kind of revenue is associated with 'Receipts from IRCTC for Haulage of Pantry Cars'?
Which detailed head covers charges for private sidings related to construction?
Which detailed head covers charges for private sidings related to construction?
Which item is classified under the category of leased properties for other uses by the railway?
Which item is classified under the category of leased properties for other uses by the railway?
Which of the following is NOT a detailed head under the minor head of 'Receipts from Catering'?
Which of the following is NOT a detailed head under the minor head of 'Receipts from Catering'?
What does the category 'Overhead charges including profit on work done for outside parties' refer to?
What does the category 'Overhead charges including profit on work done for outside parties' refer to?
Which detailed head specifies the revenue collected from various tolls on bridges?
Which detailed head specifies the revenue collected from various tolls on bridges?
What type of revenue is implied by the term 'Overhead charges recovered on work done'?
What type of revenue is implied by the term 'Overhead charges recovered on work done'?
Under which detailed head would parking fees at railway premises be recorded?
Under which detailed head would parking fees at railway premises be recorded?
Which of the following does NOT represent a type of revenue covered under 'Rents and Tolls'?
Which of the following does NOT represent a type of revenue covered under 'Rents and Tolls'?
Which activity is included under the category of advertisement on coaches?
Which activity is included under the category of advertisement on coaches?
What type of receipts are categorized under 'Other unclassified receipts'?
What type of receipts are categorized under 'Other unclassified receipts'?
Which of the following best describes 'Revenue from Railway Display Network'?
Which of the following best describes 'Revenue from Railway Display Network'?
Which of these is considered a form of interactive service in railway premises?
Which of these is considered a form of interactive service in railway premises?
In which category would one find sponsorships of events at stations?
In which category would one find sponsorships of events at stations?
What does the advertisement through hoardings primarily include?
What does the advertisement through hoardings primarily include?
Which of the following is classified as entertainment off-board trains?
Which of the following is classified as entertainment off-board trains?
What kind of receipts can be derived from the publicity department of individual railways?
What kind of receipts can be derived from the publicity department of individual railways?
Which item would NOT be included under Z-616, interactive services?
Which item would NOT be included under Z-616, interactive services?
What does Z-650 cover under other unclassified receipts?
What does Z-650 cover under other unclassified receipts?
Flashcards
Revenue Classification
Revenue Classification
Categorization of railway revenue into Sub-major Heads (Coaching, Goods, and Sundry).
Abstract 'X'
Abstract 'X'
Sub-major Head for revenue from Coaching traffic (passengers).
Abstract 'Y'
Abstract 'Y'
Sub-major Head for revenue from goods traffic (freight).
Abstract 'Z'
Abstract 'Z'
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X-122
X-122
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X-110
X-110
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X-141
X-141
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Refund of Revenue
Refund of Revenue
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Overcharges
Overcharges
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Military Traffic Revenue
Military Traffic Revenue
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Commercial Licensing of Railway Land
Commercial Licensing of Railway Land
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Revenue from Land Development
Revenue from Land Development
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Revenue from App Based Cab Services
Revenue from App Based Cab Services
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Haulage Cost of Pantry Cars
Haulage Cost of Pantry Cars
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Unclaimed Goods Revenue
Unclaimed Goods Revenue
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Compensation for Unclaimed Goods
Compensation for Unclaimed Goods
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What happens to revenue received from unclaimed articles?
What happens to revenue received from unclaimed articles?
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Where do repayments go?
Where do repayments go?
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What happens when a consignment is lost?
What happens when a consignment is lost?
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How do you handle freight costs when multiple consignments are sold?
How do you handle freight costs when multiple consignments are sold?
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What is the compensation account?
What is the compensation account?
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What happens if the sale proceeds of an unclaimed consignment are insufficient?
What happens if the sale proceeds of an unclaimed consignment are insufficient?
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What is a 'detailed head'?
What is a 'detailed head'?
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What is 'freight demurrage'?
What is 'freight demurrage'?
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What happens when a link is not established within the same financial year?
What happens when a link is not established within the same financial year?
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Where is 'Deduct refunds' recorded?
Where is 'Deduct refunds' recorded?
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Non-Fare Revenue
Non-Fare Revenue
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Advertisement Revenue
Advertisement Revenue
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Interest & Maintenance Charges
Interest & Maintenance Charges
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Interactive Services Revenue
Interactive Services Revenue
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Trade Test Fees
Trade Test Fees
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Water Cost Recovery
Water Cost Recovery
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Conservancy Charges
Conservancy Charges
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Fines from Vendors
Fines from Vendors
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Railway Rest House Charges
Railway Rest House Charges
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Motor Car and Trolley Hire
Motor Car and Trolley Hire
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Residential Water Charges
Residential Water Charges
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License Fees
License Fees
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Forfeited Deposits
Forfeited Deposits
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Forfeited Provident Fund Bonus
Forfeited Provident Fund Bonus
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Detailed Head
Detailed Head
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Z-611 Advertisement
Z-611 Advertisement
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Z-612 Mobile Asset Ads
Z-612 Mobile Asset Ads
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Z-613 Out of Home Ads
Z-613 Out of Home Ads
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Z-614 Content on Demand
Z-614 Content on Demand
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Z-615 Sponsorships
Z-615 Sponsorships
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Z-616 Interactive Services
Z-616 Interactive Services
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Z-617 Other NFR Activities
Z-617 Other NFR Activities
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Z-618 Unclassified Ads
Z-618 Unclassified Ads
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Z 650 Other Unclassified Receipts
Z 650 Other Unclassified Receipts
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Survey Fees
Survey Fees
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Sundry Other Revenue
Sundry Other Revenue
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Electric Telegraph Revenue
Electric Telegraph Revenue
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Rents and Tolls
Rents and Tolls
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Catering Revenue
Catering Revenue
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Overhead Charges and Profits Recovered
Overhead Charges and Profits Recovered
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Quasi-Railway Institutions
Quasi-Railway Institutions
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Right of Way for OFC
Right of Way for OFC
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Private Sidings
Private Sidings
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App Based Cab Services
App Based Cab Services
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IRCTC Haulage Revenue
IRCTC Haulage Revenue
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Study Notes
Revenue Classification
- Revenue for railways is categorized under three main heads, each with a separate abstract.
- The three main heads are: revenue from coaching traffic, revenue from goods traffic, and sundry other revenue.
- Sub-major, minor, and detailed heads are used for further classification.
- Railway administration is not permitted to change the names or structure of sub-major, minor, or subheads.
- Detailed heads can, however, be added or removed.
- Revenue heads are identified by a letter followed by numbers (e.g., X-122).
Classification of Revenue - Explanatory Notes
- X.110: Full fares, including revenue from railway-attached saloons
- X.120: Reduced fares for specific groups
- X.141: Reservation charges, applying to all classes.
- X.200: Special trains, and carriages that are reserved.
- X.610: Special postal trains, including engine and parcel services.
- X.710: Penalties for irregular travel (excluding excess fare penalties)
- X.732: Refunds (including clerkage charges for tickets not issued).
- X.810 and Y.810: Refunds of revenue with respect to particular transactions (checking overcharges, freight, warrants, and credit notes).
Military Traffic
- Includes military live stocks.
- Commercial licensing of railways land
Revenue from Development of Railway Land/Air-Space
- Revenue from developing railway land/air-space is categorized under Z-243.
Haulage Cost of Pantry Cars
- Records all receipts from IRCTC for pantry car haulage.
Unclaimed and Damaged Goods
- Unrecovered freight (including demurrage) for damaged goods is charged to related business/sale income.
- Compensation liability for items disposed of should be booked under K200 within the same accounting year or to K-900 if no clear compensation liability exists in the same year.
- If no compensation liability, it goes to sundry revenue accounts
- In cases where the sale proceeds don't cover costs, costs should be removed to the compensation account
Other Unclassified Receipts
- This category includes numerous items like fees from surveys, publicity departments, maintenance of roads, printing/store costs, audit commissions, and expenses of staff from out agencies.
- It's a catch-all category encompassing various miscellaneous revenue streams.
Coaching Revenue
- Details various coaching-related revenue sources involving ordinary full fares, reduced fares, special/reserved carriages, military passenger charges, and similar categories.
Luggage and Parcels
- Details charges collected from and through ticket staff or other railway staff.
Other Transport
Miscellaneous Receipts
- Some miscellaneous incomes in this abstract include advertisements, non-fare revenue activities, interest and maintenance charges on assets, etc.
- The list is comprehensive, spanning items like advertisement fees, non-fare revenue, interest and maintenance charges, etc.
Other Revenue Categories (Abstract Z) (Sundry Other Revenue)
- Covers various other receipt categories not allocated to other abstractions, encompassing property details, rents, tolls, catering, stationery, dining cars, contract catering, and related services.
- Categorization considers different facets of revenue, including property-related and service-based income.
Refunds
- Several categories for deducting refunds, reflecting different types of deductions from revenue.
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