Prepare the Revenue and Expenditure Returns for the fourth Quarter of 2019 to be submitted to the Controller and Accountant General.
Given below is information of a government department concerning warrants received and payment made under the warrants for the 2019 financial year.
Warrants received
|
Items |
Quarter 1 GHc |
Quarter 2 GHc |
Quarter 3 GHc |
Quarter 4 GHc |
|
Compensation for employees |
120,000 |
120,000 |
125,000 |
125,000 |
|
Goods and services |
80,000 |
60,000 |
60,000 |
70,000 |
|
Non-financial assets |
90,000 |
80,000 |
100,000 |
80,000 |
Payments under the warrants
|
Items |
Quarter 1 GHc |
Quarter 2 GHc |
Quarter 3 GHc |
Quarter 4 GHc |
|
Compensation for employees |
110,000 |
122,000 |
120,000 |
130,000 |
|
Goods and services |
85,000 |
70,000 |
60,000 |
75,000 |
|
Non-financial assets |
75,000 |
70,000 |
110,000 |
70,000 |
The generally rule is, balances on a warrant could be carried forward to subsequent quarters except that every warrant elapse on December 31st every year.
Required:
Prepare the Revenue and Expenditure Returns for the fourth Quarter of 2019 to be submitted to the Controller and Accountant General.
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