Dissertation Presentation

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Dissertation Presentation

• COMPILATION OF WORKSHOP MANUFACTURING SUSPENSE
  ACCOUNT
• By Ajai Srivastava
• I.R.A.S.

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WORKSHOPS PRODUCTION UNITS REPAIR
WORKSHOPS 1.SEPARATE ENTITY UNDER ZONAL
RLY 2.HEADED BY GM HEADED BY CWM 3.TOTAL 6 IN
NO. TOTAL 36
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WORK DONE IN W/S

• IN ROLLING STOCK W/S
• POH
• IOH
• AOH
• SPECIAL REPAIRS

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Workshop Manufacturing Suspense

• All the Suspense Heads operated in Railways fall
  in four groups i.e. Revenue, Capital, Debt and
  Remittances.
• WMS falls under Capital Head i.e. Demand Number
  16. The Minor Heads pertaining to WMS is 7200.
• There are two subheads viz. 7210 and 7220, the
  former having 8 Detailed Heads from 7211- 7218
  and the latter having 2 Detailed Head viz. 7221
  7222

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Out Turn Statement

• In the Workshops, an Out Turn Statement is
  prepared showing all work orders, whether in
  hand, or completed in the workshops, the outlay
  on which is waiting adjustment and the
  expenditure that has been incurred on each of
  them .
• Out turn statement is prepared in two
  parts-Part-1 and Part-2, Part 1 showing all
  outlay adjustable during the month while Part 2
  shows outlay on works in progress and completed
  works which are awaiting acceptance by the
  parties ordering them.

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Workshop Account Current

• An Account Current of the transactions pertaining
  to Workshop Manufacturing Suspense Account for
  each workshop should be prepared monthly in the
  Form W 1215.
• This account should show the total debits and
  credits to the Workshop Manufacturing Suspense
  Account .

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WMS Account Journal Entries

• On the Debit Side Of WMS
• Expenditure that is incurred in the Workshop is
  booked to the DEBIT Side of WMS viz,
• Labour
• Material
• Freight Charges
• Proforma On cost Charges
• On the Credit Side of WMS
• Credit is received when the expenditure incurred
  is passed on to the concerned Railway or party.

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Contd

• Work Done for Capital
• Work done for DRF
• Work Done for Home Railway
• Work Done for Foreign Railway
• Material Returned to Stores
• Work done in workshop when transferred to final
  head is debited to either
• Revenue Demand Nos. 5, 6,or 7 according as the
  work is done for Loco,coaches/EMUs
• and Repair and Maintenance respectively.

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• Demand No.16- Plan Head 21 ( For RSP )
• Some common Journal entries in WMS would be
  like
• 1)      Manufactured Material and Returned to
  Stores
• Stores Suspense
  Dr
• WMS
  Cr
• 2)     Work Done for Home Railway
• Demand No.5 ( or 6 as the case may be)
  Dr
• WMS
  Cr
• 3)      Work Done for Foreign Railway
• Foreign Railway
  Dr
• WMS
  Cr
• 4) Purchase of Materials directly from shops
• WMS
  Dr
• Cheques and Bills
  Cr
•     

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• Linkages Between WMS Stores Budget
• The total value of material issued to Workshops
  as reflected on the credit side of the Stores
  budget should tally with the stores received
  from the Stores figure of WMS ( this is shown on
  the debit side of WMS budget)
• Similarly receipts from Workshop on the debit
  side of Store Budget should tally with issues to
  stores budget on the credit side of the WMS
  budget
• tally with the sum total of PU 27 of all the
  Revenue Demands.

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Review Of Balance under Workshop Manufacturing
Suspense To see

•     that all items are current and have been
  undertaken after the issue of a proper work
  order, under the sanction of a competent
  authority,
•  that the details consist of nothing else except
  labour, materials and works on -cost charges
  expended on unfinished jobs awaiting adjustment,
•      that there are no credit items in the
  details of balance and if there are any such
  items, they are noted for immediate adjustment.
• in case of jobs undertaken for outsiders,
  sufficient deposit has been obtained ,
•   there are no inefficient balances and the
  overcharges and undercharges are adjusted
  periodically.
•   
•  

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• 
  

Thank You