Question
Briefly explain any five utilities of a budget.
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| Debit (₹) | Credit (₹) | |
| Salaries | 5,500 | |
| Wages | 33,000 | |
| Returns Accounted | 10,000 | 8,000 |
| Carriage Inwards | 12,000 | |
| Carriage Outwards | 10,000 | |
| Rent | 3,300 | |
| Insurance | 7,000 | |
| Stock on (1/1/2022) | 15,000 | |
| Rates and Taxes | 2,700 | |
| Power and Fuel | 8,000 | |
| Plant and Machinery | 1,00,000 | |
| Furniture and Fixtures | 10,000 | |
| Purchases | 1,20,000 | |
| Sales | 2,05,000 | |
| Investments (long-term basis) | 80,000 | |
| Income from Investments | 10,000 | |
| Commission Receipts | 12,000 | |
| Discount to Customers and from Creditors | 4,000 | 6,000 |
| Bad Debts Written off | 2,000 | |
| Cash in Bank | 25,000 | |
| Cash in Hand | 500 | |
| Capital | 2,20,000 | |
| Debtors' and Creditors' Personal Accounts | 52,000 | 39,000 |
| 5,00,000 | 5,00,000 |
| Debit (₹) | Credit (₹) | |
| Capital Account | 1,55,000 | |
| Drawings Account | 9,000 | |
| Trade Expenses | 12,000 | |
| Cash in Hand | 750 | |
| Cash at Bank | 22,700 | |
| Freehold Premises | 1,30,000 | |
| Stock as on (1/4/2023) | 35,000 | |
| Purchases and Sales | 75,000 | 2,50,000 |
| Returns | 2,800 | 2,000 |
| Carriage Inward | 1,500 | |
| Carriage Outward | 3,500 | |
| Sundry Debtors and Sundry Creditors | 48,000 | 25,000 |
| Bills Receivable and Bills Payable | 22,000 | 10,500 |
| Furniture and Fixtures | 15,400 | |
| Bad Debts | 1,500 | |
| Wages | 25,000 | |
| Salaries | 19,850 | |
| Advertisement | 15,000 | |
| Rent, Rates and Taxes | 3,500 | |
| 4,42,500 | 4,42,500 |