10 Wed October 20 de Protected view) - Microsoft Word (Product Activation failed) Review View ble Editing be unsafe. Click for more details. You have just been posted to the Office of the Accountant General Expenditure Unit. The Unit is responsible for the consolidation of Government accounts. You have been asked to analyze the information given below in the Trial Balance of the Consolidated Fund for the year ended December 31, 2018 Salaries-Established scale Salaries-Division 1 & 2 Salaries - Division 3 Administration cost Conferences & seminars Foreign travel Social benefits Domestic debt interest External debt interest Purchase of vehicles Purchase of equipment Construction of infrastructure Cash and bank PAYE Corporate tax VAT Fines Fees Fuel Levy Grants Treasury bills Bonds Euro Bond Bilateral multilateral debt Other expenditure Accumulated Fund Dr. (Sm) Gr. (Sm) 6,760 2010 230 3,350 1,260 750 1,040 1,450 1,740 250 410 560 2.470 7,330 5,010 2,320 150 310 700 430 11,120 13,460 7.460 19,660 910 44,760 67.950 67,950 Additional information: 1. The Current Chart of Accounts based on the GFS 2001 is used to classify revenues and expenditure. 2. VAT of $50m was due to Government but was not received by Government as at December 31, 2018 3. A grant agreement signed in 2017 by the Government of Zambia and the Swedish Embassy for the purchase of various medical supplies for Kabwata Health Centre was received and paid for in 2018 Required: Define the following terms as used in Public Sector Accounting and give two (2) examples of each classification 1. Financial Assets 2. Non-Financial Liabilities Using the information from the Trial Balance prepare Statement of Financial Performance for the Consolidated Fund for the year ended December 31, 2018 il Additional information: 1. The Current Chart of Accounts based on the GFS 2001 is used to classify revenues and expenditure. 2. VAT of $50m was due to Government but was not received by Government as at December 31, 2018 3. A grant agreement signed in 2017 by the Government of Zambia and the Swedish Embassy for the purchase of various medical supplies for Kabwata Health Centre was received and paid for in 2018 Required: Define the following terms as used in Public Sector Accounting and give two (2) examples of each classification 1. Financial Assets 2. Non-Financial Liabilities Using the information from the Trial Balance prepare Statement of Financial Performance for the Consolidated Fund for the year ended December 31, 2018