Administration Manual - B.E.S.T. Undertaking.

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To look after following work
1) Working / Calculating of depreciation on Assets of the Undertaking.
Depreciation is worked out on value of the Assets at the prescribed rate every
year and depreciation is accounted in the Books of Account through Journal
Entry (J/E). Depreciation is worked out on opening fixed Assets as well as
Assets purchased during the year.
2) Schedule of Estimate: Every year schedule of estimate is prepared to work out
the charges for work carried out for out side parties.
3) Notional Interest : It is worked out every year. Same is booked in the Books of
Accounts through J/E. Notional Interest is work out on the amount of Internal
fund used within the business of the undertaking at 1% above the Bank rate.
4) MIS Report : Preparation of MIS report which is forwarded to G.M. which
contains information in respect of expenditure towards salary, wages, other
major payments, loan repayments, capital expenditure of the undertaking as
well as supply branch.
5) Other Work :
1) Working out accumulated depreciation every year for the purpose of
showing the same in E-5 & E-6 of the statement of Accounts.
2) Working out the cost of Bus Token : Whenever Bus fare revision is
effected, cost of bus token for employee, per month is worked out and
accordingly cost of bus token is accounted in the Books of Accounts.
3) On the basis of expenditure incurred in Ticket Printing press
Establishment, the cost of Bus ticket printed is worked out. As per this
worked out cost (rate) cost of ticket issued to Traffic Dept. is booked
through Material issue J/E.
4) Reply to the MCA Queries: Preparing replies to MCA queries of the
commercial section.
5) Working out the charges of work done for out side parties as and when
required by the various dept. of the undertaking. Sending statistical
information to out side institution. Preparing of capital estimate as well as
revised capital estimate of the Accounts Branch. Preparing consolidated
statements in respect of writing off the assets after scrutinizing of relevant
scrapping sanction. The writing off statement is forwarded for booking the
same in Books of Accounts.
SUPERVISOR NO. 2
To maintain Inventory Record: