Management in production

Issue 3

Describe the structure of the accounting balance sheet of financial bodies for the implementation of the State budget. Specify the main duties of the chief accountant of the financial body, the Treasury and its territorial units. Specify the right of the chief accountant of the financial body, the Treasury and its territorial divisions. Indicate the main responsibility of the financial body, the Treasury and its territorial units.

CASE STUDY ISSUE OF SITUATION

1. 
   The approved amount of the Fergana city budget for the fiscal year was as follows:
   
   1. 
      revenues of the local budget of Fergana region;
      

Name of earnings	Everythin g	including by quarter
		I	II	III	IV
1	2	3	4	5	6
Tax on products (works and services) produced and sold in the territory of the Republic of Uzbekistan	3302000	325500	825500	1025500	1125500
Total for section 1	3302000	325500	825500	1025500	1125500
Profit tax from enterprises and organizations	265000	20000	45000	95000	105000
Total for section 2	265000	20000	45000	95000	105000
property tax of legal entities	160000	5000	15000	65000	75000
Tax on houses, apartments, cottages and garden houses, garages and other buildings, buildings and structures	69600	1500	9500	28100	30500
Section 5 total	69600	1500	9500	28100	30500
Tax on the income of individuals	3164000	400500	800500	908000	1055000
Section 7 total	3164000	400500	800500	908000	1055000
Income from markets	199600	15400	47200	73200	63800
Fee for the right to retail sale of alcoholic products	32000	6800	7200	3300	14700
Tax on consumption of gasoline, diesel fuel and gas for vehicles from individuals	1165000	112000	302000	326000	425000
Section 10 total	996600	34200	256400	302500	403500
state tax
State duty	80900	12000	11000	22300	35600
Section 11 total	80900	12000	11000	22300	35600

Other revenues of the budget of the Republic of Karakalpakstan and local budgets	37100	2000	1000	29900	4200
Penalties for traffic violations	103600	15000	5500	55600	27500
Section 12 total	140700	17000	6500	85500	31700
Enterprises of all sectors of the economy (except for power plants, utilities, agricultural enterprises, farms and individuals engaged in entrepreneurial activities)	95000	4000	27300	46100	17600
Total under section 13	95000	4000	27300	46100	17600
Allocations to the State budget from the single tax payment paid by enterprises of all sectors of the economy	96400	28600	2000	26000	39800
Allocations to the State budget from the single tax payment paid by wholesale trade enterprises (except for small enterprises and micro-firms in the field of wholesale trade, as well as pharmacy organizations)	312700	105500	38000	64000	105200
Total under section 17	409100	134100	40000	90000	145000
beautification and social infrastructure development tax	76400	13000	17800	40200	5400
A fixed tax on the income of individuals engaged in business activities in the field of food and non-food products trade without acquiring the status of a legal entity	181500	8000	47000	68500	58000
22- section total	181500	8000	47000	68500	58000
land tax levied on legal entities for non-agricultural land	366300	9000	13400	73500	270400
single land tax levied on legal entities for agricultural land	426800	13500	72300	100500	240500
Total under section 37	793100	22500	85700	174000	510900
total income	9733900	997300	2187200	2950700	3598700
funds received from other budgets
Subventions from the republican budget for social benefits	3459880	695300	754900	1123360	886320
Subventions received from the republican budget for salary deductions	1104220	105500	425300	342940	230480
30- section total	4564100	800800	1180200	1466300	1116800
Loans from the republican budget		125000			-125000
Total under section 34

Timely attraction of funds from working capital
All of the proceeds	14298000	1798100	3367400	4417000	4715500
BALANCE	14298000	1798100	3367400	4417000	4715500
for information: local budget balance at the beginning of the year	91200

2. 
   Expenditures of the local budget of Fergana region divided by paragraph and types of expenses.
   

Name of expenses	Depart ment	all	including by quarter
			I	II	III	IV
Costs to the economy		1429800	192310	336740	441700	459050
General education		5004300	673085	1178590	1545950	1606675
Culture and mass media		571920	76924	134696	176680	183620
Health care		2859600	384620	673480	883400	918100
Social security		714900	96155	168370	220850	229525
Costs of maintaining citizens' self-governing bodies		428940	57693	101022	132510	137715
Other expenses		428940	57693	101022	132510	137715
Costs related to the improvement of living conditions		2859600	384620	673480	883400	918100
Total costs		14298000	1923100	3367400	4417000	4590500
For information: the amount of working capital in the plan		86400
Remaining funds in local budgets at the beginning of the year		91200
Including:
Free balance of budget funds		4800
The amount of working capital		86400

2. 
   According to the Fergana City Finance Department and the Treasury Department, the indicators as of January 1 were as follows:
   

The balance of budget funds is 3,475,020 soums, the balance of extra-budgetary funds of organizations receiving funds from the budget is 2,253,500 soums.
Required:
- Determine the status of the accounting balance at the beginning of the year on the budget execution process of the Fergana City Finance Department;

FINANCIAL DEPARTMENT OF FERGANA PROVINCE

BALANCE
As of 01.01.20 .
(in soums)

ACTIVE					PASSIVE
N o	Sub account	Subaccount name	Amount	N o		Sub account	Subaccount name	amount
1.
2.
Total by balance sheet asset				Total on balance sheet liabilities

-

• 
  Open the general journal book (Form 1-f) and open the relevant accounting accounts;
  

-

The date	Memorial warrant no	Total amount	011		019		020
			Dt	Kt	Dt	Kt	Dt	Kt	Dt	Kt
	Balance 01.01

• 
  distribute the account balances in the balance sheet at the beginning of the year to the accounts opened in the general journal;
  
• 
  Open accounting registers (in the prescribed form)
  

Tests

1. 
   When was the instruction on accounting registered in the financial bodies of the budget execution of the Republic of Karakalpakstan, regions and the city of Tashkent?
   

1. 
   Registered in the Ministry of Justice of the Republic of Uzbekistan on August 10, 2006 with number 1650
   
2. 
   Registered in the Ministry of Justice of the Republic of Uzbekistan on March 30, 2002 with No. 1560
   
3. 
   Registered in the Ministry of Justice of the Republic of Uzbekistan on April 10, 2006 with No. 1560
   
4. 
   Registered in the Ministry of Justice of the Republic of Uzbekistan on April 25, 2009 with No. 1660
   

2. 
   When was the instruction on accounting in the financial bodies of the budget execution of the Republic of Karakalpakstan, regions and Tashkent city approved?
   

1. 
   Approved by Order No. 808 of the Ministry of Finance dated November 16, 2003
   

2. 
   Approved by Order No. 306 of the Ministry of Finance dated January 28, 2006
   

3. 
   Active - passive approved by Order No. 82 of the Ministry of Finance dated May 19, 2001
   
4. 
   Active - passive approved by Order No. 28 of the Ministry of Finance dated March 9, 2006
   

3. 
   What kind of accounting record is given to the amount of revenues to the local budget in the Ministry of Finance of the Republic of Karakalpakstan and local financial organizatins?
   

1. 
   Dt011 Kt040
   
2. 
   Dt 020 Kt011
   
3. 
   Dt 041 Kt011
   
4. 
   Dt052 Kt011
   

4. 
   Funds that could not be classified as income of the budget were reflected as undetermined income
   

1. 
   Dt090 Kt072
   
2. 
   Dt 011 Kt041
   
3. 
   Dt 072 Kt062
   
4. 
   Dt 011 Kt052
   

5. 
   Funds for unspecified receipts were transferred to the "Revenues" account
   

1. 
   Dt072 Kt090
   
2. 
   Dt 062 Kt 041
   
3. 
   Dt 041 Kt 040
   
4. 
   Dt 040 Kt041
   

6. 
   In the chart of accounts of the current account, the account named "Revenues" is kept in the account number?
   

1. 
   Account number 09
   
2. 
   account number 06
   
3. 
   Account No. 04
   
4. 
   account number 02
   

7. 
   What kind of accounting records are given in the Treasury of the Ministry of Finance of the Republic of Uzbekistan for the amount of revenues received by the republican budget?
   

1. 
   Dt 011 Kt 040
   
2. 
   Dt 010 Kt 011
   
3. 
   Dt 010 Kt 040
   
4. 
   Dt 040 Kt 010
   

8. 
   What does a budget surplus mean? A)Debt from the budget
   

2. 
   The amount of budget revenues exceeding budget expenses in a certain period
   
3. 
   in a certain period, the amount of the budget expenditure exceeds the income
   
4. 
   Indicates a temporary shortage of funds during the execution of the state budget
   

9. 
   What do you understand by budget classification?
   

1. 
   Compilation, review, adoption and execution of the state budget, control over its execution, preparation of a report on its execution, as well as regulation of interactions between the budgets included in the structure of the state budget with legal documents
   
2. 
   Use of budget data for systematization in order to prepare, review, accept and execute the state budget
   
3. 
   In order to ensure that the budget data are comparable with the data of the international classification systems, it is the grouping of the budget incomes and expenses, as well as the sources of financing their deficit, which are included in the structure of the state budget.
   
4. 
   In order to prepare, review, accept and implement the state budget, it is understood that the budget information is reviewed in accordance with legal documents.
   

10 Which of the following is part of state budget revenues?

1. 
   In the process of distribution and redistribution of national income and wealth, its share belongs to the state
   
2. 
   Financial resources that provide budget-financed expenses
   
3. 
   Funds collected for the performance of the state's duties
   
4. 
   A component of the state budget