Level I

SAMPLE ǪUESTION PAPER-5

Course for Accountants of Panchayats (Main Examination)

Time Allowed: 3 Hours Maximum Marks: 100

General Instructions:

1. This Question paper contains - four sections A, B, C, and D. Each section is

compulsory. However, there are internal choices in sections B & C.
2. 15 minutes of additional time will be given to the candidates to read this question paper
before the commencement of the exam. During this time the candidates will be permitted
to read the question paper only but during this time, candidates will not be allowed to
write anything on answer sheets.
3. In case, any candidate answers extra question(s)/sub-question (s) over and above the
required number. Only the requisite number of questions first answered in the answer
book shall be valued and subsequent extra question(s)answered shall be ignored.
4. Section A: 25 Marks (25 MCQ questions carrying 01 marks each.)
5. Section B to D – Practical Questions (75 Marks): -
a) Section B: 20 Marks (5 questions to be asked, out of which Attempt any 4
questionswould be compulsory to answer, each worth 5 marks).
b) Section C: 30 Marks (3 questions to be asked, out of which Attempt any 2
questionswould be compulsory to answer, each worth 15 marks).
c) Section D: 25 Marks: One 25 Marks compulsory question (on Preparation of
FinancialStatements)
Section A

The following questions are multiple -choice questions with one correct [Link] question
carries 1 mark. There is no internal choice in this section.

Multiple Choice Ǫuestions (MCǪs)

Q1. Which constitutional amendment introduced the Panchayati Raj system in India?
a) 42nd Amendment
b) 73rd Amendment
c) 61st Amendment
d) 52nd Amendment
Q2. Which is the primary unit of the Panchayati Raj system?
a) Gram Panchayat
b) lock Panchayat
c) Zila Parishad
d) Municipal Corporation

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Q3. Which of the following is not a function of the Gram Panchayat?
a) Sanitation
b) Public Health
c) Defence
d) Street Lighting
Q4. What is the role of the Panchayat Samiti?
a) To manage urban areas
b) To coordinate activities of the Gram Panchayats
c) To administer the district
d) To implement central government policies
Q5. What is the primary objective of the Model Accounting System (MAS) for
Panchayats?
a) To centralize financial control
b) To improve transparency and accountability in financial transactions
c) To reduce the number of financial reports
d) To ensure uniform tax collection across Panchayats
Q6. Which software is commonly used for implementing the Model Accounting System
in Panchayats?
a) Tally
b) PRIA Soft
c) QuickBooks
d) SAP
Q7. Who is responsible for maintaining the financial records in a Panchayat under the
MAS?
a) The Village Head (Sarpanch)
b) The Panchayat Secretary
c) The District Collector
d) The State Finance Commission
Q8. Under the Model Accounting System, which fund is used for the daily operations
and maintenance activities of the Panchayat?
a) Capital Fund
b) Contingency Fund
c) General Fund
d) Special Purpose Fund

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Q. 9 What is E-GramSwaraj?
a) A financial aid scheme for farmers
b) A mobile application for village-level governance
c) An e-commerce platform for rural products
d) A literacy program for rural women
Q10 E-GramSwaraj aims to integrate which of the following for effective governance?
a) Panchayat accounting software
b) Smart city initiatives
c) E-commerce solutions
d) Financial literacy programs
Q 11 What is PRIASoft?
a) A tax collection tool
b) A software for accounting and financial management in Panchayati Raj
Institutions
c) An educational software for rural schools
d) A software for agricultural management
Q 12 Which ministry implements the grants recommended by the Finance Commission
for PRIs?
a) Ministry of Rural Development
b) Ministry of Finance
c) Ministry of Home Affairs
d) Ministry of External Affairs
Q 13 A cheque issued by the Panchayat was returned by the bank due to insufficient
funds. How should this be treated in the Bank Reconciliation Statement?
a) Add to the bank statement balance
b) Deduct from the bank statement balance
c) Add to the cash book balance
d) Deduct from the cash book balance
Q 14 What is one of the primary sources of revenue for Gram Panchayats?
(a) Central grants
(b) State loans.
(c) Central and State Grants
(d) International donations

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Q 15 Major Head contains four digits that represent the function enumerated inthe
Eleventh Schedule of the Constitution:
a) True
b) False
Q 16 Which organization typically defines and oversees the coding of functional
programmes in India?
a) Reserve Bank of India
b) Comptroller and Auditor General of India (C&AG)
c) Indian Space Research Organisation
d) National Highway Authority of India
Q 17 Which of the following functional programmes would typically receive a high
priority code in local governance?
a) Entertainment and culture
b) Health and safety
c) Corporate sponsorship
d) Tourism development
Q 18 The balance as per the cash book on June 30, 2023, is ₹50,000. A cheque of ₹10,000
issued has not been presented for payment, and a cheque of ₹5,000 deposited has
not been credited by the bank. What is the balance as per the passbook?
a) ₹55,000
b) ₹45,000
c) ₹60,000
d) ₹50,000
Q 19 Which level of the Panchayati Raj system is primarily responsible for the execution
of development plans in a village?
a) Zila Parishad
b) Block Samiti (Panchayat Samiti)
c) Gram Panchayat
d) State Legislature
Q 20. A Gram Panchayat has 10 employees, and each employee’s monthly salary is
₹15,000. If the statutory deduction for Provident Fund (PF) is 12% of the salary,
what is the total monthly PF deduction for all employees?
a) ₹15,000
b) ₹18,000
c) ₹12,000
d) ₹21,000

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Q 21 What function of PFMS records and tracks all types of government
revenue, including taxes and non-tax sources?
a) Payment & Exchequer Control
b) Accounting of Receipts (Tax & Non-Tax)
c) Compilation of Accounts
d) Integration with Financial Management Systems of States
Q. 22 What is the purpose of uploading photos in mActionSoft?
a) Enhancing User Interface
b) Real-Time Monitoring
c) Capturing Work Details
d) User Training and Support
Q. 23 Who can use the "Annual Entry" section in PRIASoft?
a) Only Zilla Panchayats Administrator
b) Only Village Panchayat User
c) Only Block Panchayat Administrator
d) Comptroller and Auditor General (CAG)
Q 24 The XV Finance Commission’s grants for Panchayati Raj Institutions aim to
support which of the following national objectives?
a) Digital India
b) Smart Cities Mission
c) Swachh Bharat Mission
d) Make in India
Q.25 Which component is NOT included in the grants for Panchayati Raj Institutions
recommended by the XV Finance Commission?
a) Grants for sanitation
b) Grants for improving school infrastructure
c) Grants for drinking water supply
d) Grants for renewable energy projects

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 Section B
Candidates are required to answer any Four questions from the remaining five
questions, each carrying 5 marks.

Ǫuestion 1
The following are the information related immovable asset of Panchayat A for the
current year: On 12/01/2023, Panchayat A constructed a Road – Shanti Path (length 3.5
km, width 17 feet) from shanti chowk to Nehru Park at a cost of Rs.3,50,000. The same
was constructed by a civil contractor, Mr. Ramesh Kumar, with reference to the Work
Order (WO) No.- WO/03/2022. Please prepare the register of Immovable Property of
Panchayat B for the year2023-24.
(5 Marks)
Answer:
Register of Immovable Property ( Road) of Panchayat B for the Year 2023 -24
Nameof To Total Avera Average
S Road/ From Villa Leng ge Date of Date Total cost of
. Villag of Cost Remarks
ge / th in width Constru Construc
N Location e/
ction
Rep (in
. Point Poin K.M. (feet/ air Rs.) tion per
t m) KM
12 3 4 5 6 7 8 9 10 11
Constru cted
byContract
or- Ramesh
Kumar
ShantiPath Shanti (Work Order
Cho Nehr 12-01- 5,00,0 Ref- WO/
1 u 3.5 17 ft - 2,00,000
wk 2024 00 03/2022
Park
)

Ǫuestion 2
The balance as per Cash Book and Passbook of “A” Panchayat are Rs. 1,00,000 as on 31st
March 2023. The bank has debited Rs. 300 at the year-end on account of passbook issue
charges which was not recorded in Cash Book. Prepare Bank Reconciliation Statement
as on 31st March 2023.

(5 Marks)
Answer:
Bank Reconciliation Statement as on 31st March 2023
Particulars Details Amount
(Rs.) (Rs.)
Balance as per Cash Book 1,00,000
Less: passbook issue charges 300 300
Balance as per Passbook 99,700

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Ǫuestion 3:

Mr. A presented the bill of Rs. 1,50,000 for the repair and maintenance of building at the end of
current year to the Pipli Panchayat.

The Pipli deductsTDS @ 1% before making payment to the Mr. A u/s 194C. Please pass the
necessary accounting entries for the above transaction.
(5 Marks)
Answer:
Accounting Entry

DR/CR CODE DETAILS AMOUNT (RS)

Debit 230-(a) Repairs & Maintenance 1,50,000

Credit 350-10-(a) To Creditors – Contractors 1,48,500

Advance Control Account

Credit 350-20-(b) To Recoveries Payable from TDS 1,500

Contractors

Question 4
The following information is provided regarding the tax collection of Achrol Gram
Panchayat for the year ending March 2024 .

Mr. Atul is a resident of at „2, Shyam Colony, Achrol‟ and is required to pay property tax for
his residential property. The reference serial no. in register of assesses for Mr. Atul is 15.

The current demand of property tax required to be collected from him is Rs. 25,000. There
are arrears of Rs. 10,000 for property tax that is in not paid by him yet for previous years.
As per the permissions, Rs. 5,000 are to be written off from Mr. Atul‟s tax arrears. The
officials of Gram Panchayat have collected from Mr. Atul-
a. All the arrears for previous years, and
b. Only 50% of the current year‟s tax liability.

Prepare a register of Demand, Collection, and balance of Achrol Gram Panchayat for the
year ending 31st March 2024.
(5 Marks)
Answer:
Register of Demand, Collection and Balance of Achrol Gram Panchayat for the year
ending 31 st March 2024

Name and Referen Arrear Permissio Total amount collected

address of ce serial demand n/ write Total
the person No. in Current of off and amount
7
Sl.N from the demand previous suspensio due
o. whom tax is register years, if n
due of any if any
 Previou
s years Current
arrears years Tota
l

Atul
Address2 ,
1 Shyam 15 Rs. Rs. Rs. 5,000 Rs. Rs. Rs. Rs.
Colony 25,000 10,000 30,000 5,000 12,500 17,5
Achrol 00

Question: 5
Pipli Gram Panchayat of Uttar Pradesh furnishes the following informationrelated to
transactions during the month of February 2024:

1. The Gram Panchayat has collected money for property tax which includes watertax as
well and the bifurcation of the same is given below:

Date Particulars Amount (in Rs.)

10.02.2024 Property Tax received 1,000
12.02.2024 Water Tax received 4,500
28.02.2024 Advance collection of Property Tax 1,500
28.02.2024 Penalties for late payment of Taxes 2,000

2. Opening Balance of cash as on 1st February - Rs.22,750.

3. Rs.20,500 incurred on maintenance of sewerage line in panchayat juridication area
dated 28.02.2024.
Please prepare Cash book for the February Month incorporating above transactions.

(5 Marks)

Answer:
Pipli Panchayat
Cash Book (Own Source) for the month of February 2024
Amount in
Rs.
Receipt Payment
Date Particulars Amount Date Particulars Amount
01.02.2024 Opening Balance 22,750 28.02.2024 Maintenance 20,500
of Sewerage
line
10.02.2024 Collection of 1,000
property tax

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 12.02.2024 Collection of 4,500
Water tax
28.02.2024 Advance 1,500
collection of
property tax
28.02.2024 Collection of 2,000 28.02.2024 Balance 11,250
Penalties for late Carried
payment of forward to
Taxes next month
Total 31,750 31,750

Section C

 Candidates are required to answer any Two questions from the remaining
Three questions, each carrying 15 marks.

Ǫuestion 6
(a) Answer the following Questions.
1. From the following Journal entries, prepare Trial Balance of “R”
Panchayat as on 31st December 2023.
Sl. Particulars L.F. Debit Credit
No (Rs.) (Rs.)
a. Bank A/c Dr. 2,50,000
To Earmarked Fund A/c (Being 2,50,000
Earmarked Fund created)
b. Laptops A/c Dr. 2,25,000
To Bank A/c 2,25,000
(Being laptops purchased from SV
Traders for official purpose vide cheque
no…)

c. Bank A/c Dr. 1,00,000 1,00,000

To Property Tax A/c
(Being Property tax collected from the
individuals)

d. Furniture A/c Dr. 80,000 80,000

To Bank A/c
(Being Furniture purchased for official use
vide cheque no…)

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Bank balance as on 31st December 2023 is Rs. 45,000. (8 Marks)

Answer (a)
Trial Balance of C Panchayat as at 31.03.2024
Sl. Name of Account Debit Credit
No. (Rs.) (Rs.)
a. Earmarked Fund 2,50,000
b. Laptops 2,25,000
c. Property Tax 1,00,000
d. Furniture 80,000
e. Bank Account 45,000
3,50,000 3,50,000

Dr. Bank Account Cr.

Date Particulars J.F Amount Date Particulars J.F Amount
To Earmarked Fund 2,50,000 By Laptop A/c 2,25,000

To Property Tax A/c 1,00,000 By Furniture 80,000

A/c
By Balancec/d 45,000
3,50,000 3,50,000

(b)
“S” Gram Panchayat furnishes the following information regarding its receivables and
payables for the year ending March2024 –

Receivables :
Revenue from Property Taxes Rs. 1,50,000
Funds from Central Government Scheme NREGS Rs. 3,00,000
Grants from State Government Rs. 2,00,000

Payables :
Interest on other deposits Rs. 50,000
Gratuities of Gram Panchayat Staff Rs. 1,90,000
Supplier of Books of Public Library Rs. 20,000

(7 Marks)

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 Prepare a Statement of Receivables and Payables (Form – IV) as per Model Accounting System (MAS) for “S” Gram Panchayat. (7 Marks)

Answer:
Receivable Payable

Heads of Account Amount Heads of Account Particulars Amount

Particulars (Rs.) (Rs.)

0035 - Taxes on
Property other than
agricultural land 2049 - Interest Payments103 Interest payable
101 - Property Tax on Revenue Receivable from - Interest on Other on
Residential Building Property Taxes 1,50,000 Deposits and Accounts other deposits 50,000

Gratuity payable
1601 - Grants in Aid101 2071 - Pensions and toGram
- Grants from Central Funds receivable from Other Retirement Panchayat Staff
Government Central GovernmentScheme Benefits
11 - NREGS - NREGS 3,00,000 103 - Gratuities 1,90,000

Payable to
1601 - Grants in Aid 2205 - Art, Culture and Supplier of Books
102 - Grants from State Grants receivable fromState Libraries for
Government Government 2,00,000 102 - Public Libraries Public Library 20,000
Grand Total 6,50,000 Grand Total 2,60,000
Question 7
(a) T Gram Panchayat has made the following Trial Balance as on 31st March 2024.

Trial Balance of T Gram Panchayat as at 31.03.2024

Sl. No. Name of Account Debit (Rs.) Credit (Rs.)
1. Rent expense 1,35,000
2. Property & Water Tax 7,05,500
3. Salaries 3,24,000
4. Laptops 1,75,000
5. Furniture 2,45,000
6. Power & Fuel 2,25,000
7. Donation 4,16,800
8. Environmental Expenses 78,000
9. Sanitation Project Expenses 67,000
10. Public Awareness Campaign Expenses 79,000
11. Contractors Due account 5,21,200
12. Capital Work in Progress 3,15,500
Total 13,82,000 17,65,000

Prepare the corrected Trial Balance. (8 Marks)

Answer: (a)
Trial Balance of Talod Gram Panchayat as at 31.03.2024
Sl. No. Name of Account Debit (Rs.) Credit (Rs.)
1. Rent expense 1,35,000
2. Property & Water Tax 7,05,500
3. Salaries 3,24,000
4. Laptops 1,75,000
5. Furniture 2,45,000
6. Power & Fuel 2,25,000
7. Donation 4,16,800
8. Environmental Expenses 78,000
9. Sanitation Project Expenses 67,000
10. Public Awareness Campaign Expenses 79,000
11. Contractors Due account 5,21,200
12. Capital Work in Progress 3,15,500
Total 15,73,500 15,73,500

(b)

From the following particulars, prepare Bank Reconciliation Statement for

Parbhani Panchayat:
a) Balance as per cashbook is Rs.1,40,000
b) Cheques issued but not presented in the bank amounts to Rs.1,06,000.
c) Cheques deposited in bank but not yet cleared amounts to Rs.70,000.

12
 d) Bank charges amounts to Rs.200.
e) Interest credited by bank amounts to Rs.2,250.
f) The balance as per Passbook is Rs.1,78,050. (7 Marks)

ANSWER:

Bank Reconciliation Statement

Particulars Amount Rs.

Balance as per Cashbook 1,40,000

Add: Cheque issued but not presented for payment 1,06,000

Interest credited by bank 2,250
2,48,250
Less: Cheque deposited but not yet cleared (70,000)
Bank charges debited by bank (200)
Balance as per Passbook 1,78,050

Question 8
(a) From the following Cash account & Bank account of “R” Panchayat,
prepare Receipts& payment account, for the year ending on 31st March 2024.

Dr. Cash Account Cr.

Date Particulars J. Amt Date Particulars J. Amt
2023 F (Rs.) 2023 F (Rs.)
To Balance b/d 80,000 By Stationery 35,500
To Furniture sale 1,500 By Training Exp 68,000
To Rent of Hall 1,20,000 By Laptop 48,000
By Maintenance 50,000
exp
2,01,500 2,01,50
0

Dr. Bank Account Cr.

Date Particulars J.F Amt(Rs.) Date Particulars J.F Amt(Rs.)
2023 2023
To Balanceb/d 3,65,000 By Youth 75,000
development
exp
To Water Tax 1,02,980 By Sports 2,50,000
program

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 To Propertytax 3,00,000 By Books 80,000
distribution
To Interest 10,520 By Community 4,85,000
from welfare exp
Investment

To Rent from 2,40,000 By advances for 2,20,000

market road
construction
To Grant for 5,00,000 By Balance c/d 4,08,500
education
15,18,500 15,18,500

Additional information:
a) Contractor‟s bill received for road construction on 31st March 2023, of

Rs.4,53,820.
b) The property tax received above includes arrears of last year for Rs.50,000.
(8 Marks)
Answer:
(a) Receipts & Payment account of ‘R’ Panchayat for the year ended on
31st March2024

Receipts Amount Payments Amount

(Rs.) (Rs.)
To Balance b/d By Stationery 35,500
Cash balance Bank 80,000
balance 3,65,000
To Furniture sale 1,500 By Youth development 75,000
exp.
To Water Tax 1,02,980 By Training exp. 68,000
To Rent of hall 1,20,000 By Sports Program 2,50,000
To Property tax 3,00,000 By Laptop 48,000
To Interest from 10,520 By Books distribution 80,000
Investment
To rent from market 2,40,000 By Community welfare 4,85,000
exp.
To Grant for Education 5,00,000 By advances for road 2,20,000
construction
By Maintenance exp. 50,000
To Balance c/d
Cash balance 0
Bank balance 4,08,500
17,20,000 17,20,000

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(b)
A resident employee Nikhil (aged 40), who works for XYZ Gram Panchayat, is fixed as Rs.
1,00,000 per month as salary during FY 2022-23. Nikhil has invested Rs. 50,000 in ELSS funds,
Rs. 60,000 in PPF, Rs. 40,000 in NSC. What will be the monthly TDS deducted u/s 192 by the
Panchayat?

(The total income of Nikhil would be estimated as Rs. 12,00,000. Standard deduction of Rs.
50,000 is allowed on salary income. Deduction (as declared by employee) under Chapter VI A
would be Rs. 1,50,000) (7 Marks)

Answer:
Calculation of TDS from monthly salary (as per old regime)

Particulars Working Amount (Rs.)

Gross Salary 12,00,000
Less: Standard deduction 50,000
Gross Taxable income 11,50,000
Chapter VI-A deductions 1,50,000
Taxable income 10,00,000
Tax as per applicable slab rates to Rs 2.5 lakh – NilRs 0
2.5 lakh to Rs 5 lakh – 5% 12,500 1,12,500
Rs 5 lakh to Rs 10 lakh – 20% 1,00,000
Cess @ 4% 4,500
Total tax 1,17,000

The employer will deduct TDS u/s 192 = Rs.1,17,000 / 12 = Rs 9,750.

Accounting Entry

DR/CR CODE DETAILS

Debit 350-11-(a) Employees Liabilities –Gross Salaries Payable
Credit 350-20-(a) To Recoveries Payable- TDS from employees

15
 Section D

 Question no 9 would be compulsory to answer, worth 25 marks.

Below are the transactions of Colva Village Panchayat, North Goa for the yearended on
31st March 2024:

a. Receipts:
i. Property Tax on buildings of Rs.5,45,000
ii. Rent from market of Rs.1,65,000.
iii. Donation for construction of primary school Rs.4,00,000
iv. Document correction charges for Panchayati Raj Programmes Rs.37,000
v. Grant from state government for Youth development Rs.4,00,000

b. Payments:
i. Salaries & wages of staff of Primary Health Centre Rs.8,80,000
ii. Construction of public toilet Rs.2,26,000
iii. Skill development program to local individuals Rs.1,10,000
iv. Purchased laptops for secondary school students Rs.1,50,000.
v. Rent paid for markets Rs.1,20,000.

c. Additional information:
i. Opening cash balance is NIL.
ii. Opening bank balance is NIL.
iii. All above receipts are received through bank account except Document
correction charges.

Prepare the following for Colva Village Panchayat:

i. Journal
ii. All Ledger accounts
iii. Trial balance
iv. Receipts & Payment account

Answer:

i. Journal Amount in Rs.

In the books of Colva Village Panchayat Journal
Date Particulars L.F. Amount Amount
(Dr.) (Cr.)
Bank A/c Dr. 5,45,000
To Property tax A/c (Being 5,45,000
Property tax collected)

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 Bank A/c Dr. 1,65,000
To Rent from Market A/c 1,65,400
(Being rent collected)
Bank A/c Dr. 4,00,000
To Donation A/c 4,00,000
(Being donation for construction of primary
school received)
Cash A/c Dr. 37,000
To Document correction charges A/c (Being 37,000
document correction charges collected)

Bank A/c Dr. 4,00,000

To Grant for Youth Development A/c (Being 4,00,000
grant received from state governmentfor youth
development)
Salaries & wages A/c Dr. 8,80,000
To Bank A/c 8,80,000
(Being Salaries & wages paid to staff)
Construction of public toilet A/c Dr. 2,26,000
To Bank A/c 2,26,000
(Being public toilet constructed)
Skill development A/c Dr. 1,10,000
To Bank A/c 1,10,000
(Being skill development program conductedfor
local individuals)
Rent A/c Dr. 1,20,000
To Bank A/c(Being 1,20,000
rent paid)

Laptop A/c Dr. 1,50,000

To Bank A/c 1,50,000
(Being laptops purchased for secondary school
students)

[Link] Accounts
Amounts in Rupees

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 Dr. Property tax Account Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
By Bank A/c 5,45,000
To Balance c/d 5,45,000
5,45,000 5,45,000

Dr. Rent from Market Account Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
By Bank A/c 1,65,000
To Balance c/d 1,65,000
1,65,000 1,65,000

Dr. Donation Account Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
By Bank A/c 4,00,000
To Balance c/d 4,00,000
4,00,000 4,00,000

Dr. Document correction charges Account Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
By Cash A/c 37,000
To Balance c/d 37,000
37,000 37,000

Dr. Grant for Youth Development Account Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
By Bank A/c 4,00,000
To Balance c/d 4,00,000
4,00,000 4,00,000

Dr. Salaries & wages Account Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
To Bank A/c 8,80,000
By Balance c/d 8,80,000
8,80,000 8,80,000
Dr. Construction of Public Toilet Account Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
To Bank A/c 2,26,000
By Balance c/d 2,26,000
2,26,000 2,26,000

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 Dr. Skill Development Account Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
To Bank A/c 1,10,000
By Balance c/d 1,10,000
1,10,000 1,10,000

Dr. Rent Account Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
To Bank A/c 1,20,000
By Balance c/d 1,20,000
1,20,000 1,20,000

Dr. Laptop Account Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
To Bank A/c 1,50,000
By Balance c/d 1,50,000
1,50,000 1,50,000

Dr. Cash Account Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
To Document 37,000 By Balance c/d 37,000
correction
charges A/c
37,000 37,000

Dr. Bank Account Cr.

Date Particulars J.F Amount Date Particulars J.F Amount
To Balance b/d 0 By Salaries & 8,80,000
wages A/c
To Property tax 5,45,000 By Construction 2,26,000
A/c of Public Toilet
A/c
To Rent from 1,65,000 By Skill 1,10,000
Market A/c
Development
A/c
To Donation 4,00,000 By Rent A/c 1,20,000
A/c
To Grant for 4,00,000 By Laptop A/c 3,00,000
Youth Dev.A/c
By Balancec/d 24,000
15,10,000 15,10,000

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i. Trial balance

Trial Balance of Colva Village Panchayat as at 31.03.2023

Sl. No. Name of Account Debit (Rs.) Credit (Rs.)
1. Property tax 5,45,000
2. Rent from market 1,65,000
3. Donation 4,00,000
4. Document correction charges 37,000
5. Grant for Youth Development 4,00,000
6. Salaries & wages 8,80,000
7. Construction of Public Toilet 2,26,000
8. Skill Development 1,10,000
9. Rent 1,20,000
10. Power & Fuel 50,000
11. Laptops 1,50,000
12. Closing Balance - Cash 37,000
13. Closing Balance – Bank 24,000
Total 15,47,000 15,47,000

20
ii. Receipts and Payment Account

Annual Receipts and Payments Accounts of

Colva Village Panchayat for the year ending 31st March 2023

Budget Amount
Receipts Estimates Actuals Payments Budget Estimates Amount Actuals (Rs.)
(Rs.) (Rs.) (Rs.)

Opening Balance
Cash in hand 0 Non- Non-
Heads of Account Plan Total Plan Total
Balance in Bank 0 Plan Plan

Heads of Account
Part I - Panchayat Fund Part I - Panchayat Fund
Revenue Account -
Receipts Revenue Account - Expenditure
Maintenance of
Tax Receipts 2059 Community Assets

Taxes on Property
other than
0035 Agricultural Land 101

Property Tax on
101 residential Building 5,45,000 2202 Education
Secondary Education
Non - Tax Receipts 102 - Purchase of Laptops 1,50,000 1,50,000

Technical Training and

0206 Markets and Fairs 2203 Vocational Education

21
 Case Study Digest (Main Exam - Certificate Course for Accountants for Panchayats -
Level 1)
Budget Amount
Receipts Estimates Actuals Payments Budget Estimates Amount Actuals (Rs.)
(Rs.) (Rs.) (Rs.)

Receipts from Vocational Education

Markets - Skill development
101 - Rent 1,65,000 104 Program 1,10,000 1,10,000

Panchayati Raj
0515 Programmes 2206 Markets and Fairs
Other rates and
fees
- Document Merket
44 Correction Charges 37,000 101 - Rent paid 1,20,000 1,20,000

Health and Family

1601 Grants in Aid 2210 Welfare
Grants from State
Government
- For Youth Primary Health Centres
102 development 4,00,000 101 - Salaries and Wages 8,80,000 8,80,000
Capital Account -
Receipts Capital Account - Expenditure

Capital Outlay on Water

4000 Capital Receipts 4215 Supply and Sanitation
Donation for Sewerage and Sanitation
Construction of - Construction of Public
Primary School Toilet 2,26,000 2,26,000
4,00,000 103

22
 Case Study Digest (Main Exam - Certificate Course for Accountants for Panchayats -
Level 1)
Budget Amount
Receipts Estimates Actuals Payments Budget Estimates Amount Actuals (Rs.)
(Rs.) (Rs.) (Rs.)

Closing Balance
Cash in hand 37,000
Cash at Bank 24000
Total 15,47,000 Total 15,47,000

23
 Panchayat Sample question Paper

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