Group ‘A’ (Very Short Questions-Answers)
1 Write the budget Head no. of Insurance & gratuity.
Ans The budget head no. of insurance is 22213 and gratuity is 21111.
2 What is internal audit ?
Ans An act of checking the books of accounts internally by the internal auditor of an offices known as internal audit.
3 What is final audit?
Ans An act of checking or examining the books of account of an office at the end of financial year by an independent body or person is known as Final audit.
4 Give any three functions, duties and rights of finance comptroller.
Ans The three functions, duties and rights of Finance comptroller are to prepare central accounts of government revenues and expenditures, implement the accounting forms approved by the auditor general and to keep the records of consolidated fund,emergency fund etc.
5 Mention any three function, duties and rights of Treasury and comptroller office.
Ans The three function, duties and rights of treasury and comptroller office are to release the amount equal to 1/6th of annual budget, reimbursing the revolving fund monitoring, supervising, advising and directing the operating level offices regarding financial matters.
6 Who is the final auditor of company?
Ans The final auditor of company is chartered accountant or chartered accountant tiest legally appointed by the annual general meeting of the shareholders
7 Mention any three functlons, duties and rights of auditor general.
Ans Three functions, duties and rights of auditor general are to audit the books of accountant of all government offices, other constitutional bodies, prepare and submit annual head of the state and see whether or not the accounting records are maintained per government laws, rüles and regulation.
7 When was Kumarl Chowk Adda established in Nepal? Mention in B.S.
Ans Kumari Chowk Adda was established on 6th Baisakh 1828 B.S.
8 What are the objectives and importance of government accounting ? .
Ans :The main objectives of government accounting are to keep records of all government revenues and expendituires, prepare plans, make decisions and evaluate the performance of the government offices..
9 .What is new accounting system?
Ans: The government accounting system followed in government offices which is based on the principles of double entry system of Book keeping as recommended by four member accounts committee in 2018 BS is called as New Accounting System.
Q.10 .What are the basic features of new accounting system?
Ans: The basic features of new accounting system are based on principles o doubieAns:system, simplicity, uniformity, cash basis, flexibility, central level and operating accounting, based on budget head and provision for accounting forms etc.
11 Mention any three objectives of new accounting system.
Ans The three main objectives of new accounting system are to keep records of financial transactions, make expenditure remaining within the budget limits and to necessary statistical data for preparing budget and making.
12 Give any three importances of new accounting system.
Ans The three importances of new accounting system are to reflect real picture of financial transactions of government offices, help in financial administration by providing necessary accounting data and help in formulating plans and policies of the government.
13 What is budget transfer?
Ans Budget transfer is an act of, transferring the surplus budget amount from a surpLUs budget head to the shortage budget head.
14 . Write the full form of AGF No.s:
Ans The full form of AGF No. is Auditor General Form Number.
15 What is operating level accounting?
Ans The accounting jobs períormed at the district level offices local level. offces and government projects, level offices are called as operating level accountng.
16 What Is central level accounting ?
Ans Maintaining of central level accounting at the central level offices of the government Nepal like ministries, constitutional bodies and their departments is known central Accounting.Government .
17 Which Institution does the Internal audlt of district level offlces of the government?
Ans The treasury and comptroller office does the internal audit of district level offices of the government.
17 Which institutlon does final audlit of government office?
Ans The auditor general office does the final audit of the government offices.
18 . Write the budget Head no. for allowance and dress.
Ans The budget head numbers of local allowance is 21112 and dress is 21121.
19 Which office prepares accounting forms used in govt. office of Nepal?,
. Ans : The auditor general office prepares the accounting forms used in government officer of Nepal.
20 What is government revenue?
Ans The sources of incomes of government such as custom duty, income tax, value addedtax, penalties, fines etc. are called as govérnment revenue.
21 .What is office of the treasury and comptroller?
Ans It is an office established by the government in all the headquarters of districts for releasing budget to operating level offices, receiving reports from them, making internal audit and clear budget release advances made in the form of imprest fund
22 What is office of the finance comptroller general?
Ans : It is an office that looks after various aspects of financial administration of government of Nepal such as preparation of central accounts of government revenues and expenditures.
23 . What is office of the auditor general?
Ans :Auditor general office is an independent constitutional body which is responsible for auditing the books of accounts of all the government offices, courts, parliament, army ,police and submit report to the head of the state.
24.. Who appoints the auditor general?
Ans:The auditor general is appointed by the Prime Ministeř on the recommendation of constitutional council..