No official Railway Board PDF has been traced for this entry yet. The text below was read from the document held in the library.
| Type | Commercial Circular |
|---|---|
| Topic | amenities |
detailed head of classification giving the details of the asset acquired, constructed or replaced asset and the cost of its replacement when the cost of
RULES OF ALLOCATION ZONAL RAILWAY TRAINING INSTITUT E, BHUSAWAL ACCOUNTS FACULTY 65 Rules of Allocation A careful and well-placed analysis of all expenditure and receipt is most necessary to effective financial control. It is the primary object of any accounting classification. It is necessary to secure uniformity of accounting to render suitable comparison between the accounts of different railways. It also helps in preparation of budget and estimates. The labor spent in the classification will be of no use if accounts office fails to maintain proper record as per prescribed classification or if the executive omits to review periodically with the assistance of such record of earning and expenditure for which they are responsible. The primary responsibility for correct allocation of the initial record in support of receipts and payments rests with the executive offices. The account office is responsible for ensurance of correct allocation. Allocation is the process of indicating nature of expenditure (Head of accounts) under which expenditure is to be finally recorded. CLASSIFICATION OF EXPENDITURE The railway expenditure has been classified in to two groups namely: - 1) Capital Expenditure: Under this category such items of expenditure are included which pertain to acquisition of concrete assets, constructions, replacement and renewals of assets such as cost of land, Construction of staff quarters, Construction of Bridges etc. Expenditure incurred on amenities to passengers and other railway users, amenities to staff, unremunerative operating improvement works when incurred on acquiring concrete assets is not treated as capital expenditure but is accounted for separately under “Development Fund” and “Open Line Works Revenue”. The Expenditure on renewals and replacements of railway assets is made out from a separate fund commonly known as “Depreciation Reserve Fund”. For the purpose of revenue allocation the revenue working expenses for the railways are classified under thirteen major heads with a separate abstract for each sub major head. RULES OF ALLOCATION ZONAL RAILWAY TRAINING INSTITUT E, BHUSAWAL ACCOUNTS FACULTY 66 2) REVENUE EXPENDITURE: - These items of expenditure relate to the working of railway, repairs and maintenance and operation of rolling stock, Plant and Machinery and equipment’s. ABSTRACT ACTIVITY DEMAND NO. A General superintendence and Services 03 B Repairs and Maintenance Of permanent ways and works 04 C Repairs and Maintenance of Motive Power 05 D Repairs and Maintenance of Carriage and wagons 06 E Repairs and Maintenance of Plants and equipment’s 07 F Operating expenses Rolling Stock 08 G Operating expenses Traffic 09 H Operating expenses Fuel 10 J Staff welfare and amenities 11 K Miscellaneous Working Exp. 12 L P.F. ,Pension and other Retirement Benefits 13 M Appropriation to Funds 14 The items of expenditure which are incurred on repairs and maintenance of various assets such as railway track, bridges, service and residential buildings etc. are in the nature of day to day expenses. To keep the organization running and also to enable the existing assets to give the same services and to keep them in good service condition for achieving the above purpose the revenue working expenses of the railways has been classified in to thirteen abstracts and each abstract being given a different alphabet to identity the expenditure. From first April of 1979 the entire structure of railways Demands for Grants and the classification of earning and expenditure has undergone complete revision and accordingly Revenue abstracts have been utilized for recording the revenue working expenses. The Demands have been further classified in to main heads, sub heads and detailed heads to form the allocation for any expenditure. The allocation will be in eight digits,
Extract shown above; the full text is available in the search app.
Open this circular in the search app · Search all 4,025 documents