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CLASSIFICATION OF ACCOUNTS WHAT IS IT? A DETAILED SCHEME OF RECORDING ACCOUNTS NEED FOR IT?

CLASSIFICATION OF ACCOUNTS WHAT IS IT? A DETAILED SCHEME OF RECORDING ACCOUNTS NEED FOR IT? INFO/DATA - MEANINGFUL REPRESENTATION HELPS ANALYSIS ENABLES - DECISIONS COMPARISONS COST CONTROLS BUDGETING FORECASTS. ABS DEMAND ACTIVITY TRACT NO

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CLASSIFICATION OF ACCOUNTS WHAT IS IT? A DETAILED SCHEME OF RECORDING ACCOUNTS NEED FOR IT?

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  1. CLASSIFICATION OF ACCOUNTS • WHAT IS IT? • A DETAILED SCHEME OF RECORDING ACCOUNTS • NEED FOR IT? • INFO/DATA - MEANINGFUL REPRESENTATION • HELPS ANALYSIS • ENABLES - • DECISIONS • COMPARISONS • COST CONTROLS • BUDGETING • FORECASTS

  2. ABS DEMAND ACTIVITY TRACT NO A 3 GEN. SUPTD. & SERVICES B 4 R&M OF WAY & WORKS C 5 R&M OF MOTIVE POWER D 6 R&M OF CARRIAGE & WAGONS E 7 R&M OF PLANT & EQUIPMENT F 8 OPERATING EXPENDITURE - ROLLING STOCK & EQUIPMENT G 9 OPERATING EXP - TRAFFIC H 10 OPTG EXPENSES - FUEL J 11 STAFF WELFARE - AMENITIES K 12 MISC. WORKING EXPENSES L 13 PENSION & RETIREMENT BENEFITS

  3. DEMANDS FOR GRANTS 3. RAILWAY ADMINITRATION maintains 4. BUILDINGS & TRACKS to run 5. LOCOMOTIVES and 6. CARRIAGE by using 7. PLANT & EQUIPMENTS to operate 8. ROLLING STOCK by 9. TRAFFIC DETARTMENT using 10.FUEL and earn money for 11. STAFF WELFARE and 12. MISCELLANEOUS EXPENSES.

  4. PRIMARY UNITS ----- OBJECT OF EXPENDITURE

  5. RULES OF ALLOCATION EARNINGS ABSTRACT X - COACHING EARNINGS PASSENGER FARES, LUGGAGE CHARGES, PARCEL COLLECTIONS, LIVE STOCK BY PASSENGER TRAINS ETC. ABSTRACT Y - EARNINGS FROM GOODS TRAFFIC, GENERAL MERCHANDISE, COAL, FERTILIZERS, LIVESTOCK BY GOODS TRAINS, TRANSHIPMENT CHARGES ETC.

  6. ABSTRACT Z - SUNDRY OTHER EARNINGS, COLLECTION OF RETIRING ROOM CHARGES, RECEIPTS FROM CATERING DEPT., SALE PROCEEDS OF TREES AND GRASS ON LINE, RENT OF PLOTS GIVEN TO OUTSIDERS, TELEGRAPH EARNINGS ETC.

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