Required: 1. Prepare Statement of Revenue and Expenditure for the Consolidated Fund for the year ended 31st December, 2019. 2. Prepare Statement of Financial Position as at 31st December, 2019.
The
|
|
GHc'000 |
GHc'000 |
|
Indirect Taxes |
|
120,300 |
|
Direct Taxes |
|
85,000 |
|
Non taxe revenues |
|
60,000 |
|
Compensation for employees |
76,000 |
|
|
Goods and services |
45,000 |
|
|
Consumption of fixed consumption |
24,000 |
|
|
Loans and advances |
30,000 |
|
|
Bank and cash balances |
12,000 |
|
|
Equity investment |
40,000 |
|
|
Domestic debt |
|
90,500 |
|
External debt |
|
110,000 |
|
Trust fund |
|
50,000 |
|
Sundry creditors |
|
24,500 |
|
Other expenditures |
20,000 |
|
|
Public debt interest |
33,000 |
|
|
Social benefit |
12,000 |
|
|
Grants |
20,000 |
|
|
Subsidies |
12,000 |
|
|
Accumulated Fund (1/12/16) |
216,300 |
|
|
|
540300 |
540,300 |
Required:
1. Prepare Statement of Revenue and Expenditure for the Consolidated Fund for the year ended 31st December, 2019.
2. Prepare Statement of Financial Position as at 31st December, 2019.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
