Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Debit K'Million Credit K'Million 6,760 2,010 230 3,350 1,260 Salaries - Superscale Salaries - DN I & II Salaries - DN III Adminstrative cost Conferences
Debit K'Million Credit K'Million 6,760 2,010 230 3,350 1,260 Salaries - Superscale Salaries - DN I & II Salaries - DN III Adminstrative cost Conferences & seminars Foreign travel Social benefits Domestic debt nterest Extemal debt Interest Purchase of vehicles Purchase of equipment Construction of nfrastructure Cash and bank 1,040 1,450 1,740 250 410 560 2,470 Corporation tax 7,330 5,010 2.320 310 700 Fees Fuel Levy Grants Treasury bils Bonds Euro Bond Blateral & mutilateras debt Other expenditure Accumulated Fund 11,120 13,460 2.460 19,660 44,760 67,950 67,950 1. The Current Chart of Accounts based on the GFS 2001 is used to classify revenues and expenditure. 2. VAT of K50m was due to Government but was not received by Government as at 31 December, 2017 3. A grant agreement signed 2016 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 November 2017, Using the information from the Trial Balance prepare Statement of Financial Performance for the Consolidated Fund for the year ended 31 December 2017 (30 marks) [TOTAL: 50 MARKS]
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started