The cost of revenue collection was allocated s followsTobacco0.46%Beer0.46%SpiritsWine0.46%0.46%Customs duty7.9%Vat0.83%PAYE0.01%If the cash account reflects a balance b/d of $200, 000, 000Preparea) A statement of consolidated revenue receipts for the year ending 31/12/2009b) A cash account as at that date. Activity 4.2Sovereign Republic documents reflect the following at 31/12/2009$00080.000VATPAYE56.000Tobacco tax revenue8.000Beer6.000SpiritsWine4.5003.000Customs duty is 1.3 times the sum of all excise dutyOther tax revenue$2 600Non tax revenue compriseInterest receiptsFees & chargesLand was sold for21.00014.800Equipment was sold for34 30016 000

NOTE : As per BARTLEBY guidelines, when multiple questions are given, then first question is to be…

4.2 Sovereign Republic documents reflect the following at 31/12/2009 $000 80.000 VAT 56.000 PAYE Tobacco tax revenue 8.000 Beer 6.000 Spirits Wine 4.500 3.000 Customs duty is 1.3 times the sum of all excise duty Other tax revenue $2 600 Non tax revenue comprise Interest receipts Fees & charges Land was sold for 21.000 14.800 Equipment was sold for 34 300 16 000

4.2 Sovereign Republic documents reflect the following at 31/12/2009 $000 80.000 VAT 56.000 PAYE Tobacco tax revenue 8.000 Beer 6.000 Spirits Wine 4.500 3.000 Customs duty is 1.3 times the sum of all excise duty Other tax revenue $2 600 Non tax revenue comprise Interest receipts Fees & charges Land was sold for 21.000 14.800 Equipment was sold for 34 300 16 000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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