Hankere Mpante Municipal Amb (MMA) is a serial level in Gham which is in the process of papering is free for year ended 31 December, 2019. Below the Assembly's most recent Trial Balance as at 31 December 2009 GH00 GH000 Property rates Share of disassembly confused RO Fol dipen Adana Contract de 90.00 30 Estrated per 59.00 13 300 Awances Prand publication Reput and sweet Relation of facilities Colected Co works in Puchose of fun and rings Perchase of computer and accessories Ceny Conference and seminar com une charges 125.000 11 98.450 5.000 De Lomy pole Court fees and perties Stare sdreven Henges and facilities 14.00 1.00 Examiner Samuel N.Y.Sampie, William A. Anuilk & SchTerper Rent of residential accommodation Utilities and office comme Accued fund Foreign travch cost and per diem Specul www Interested deposits SRO Additional information The following anale has been made web The fined deposite meaning to Hellion was made with Sika Bukobaly 15,2019 the rate of 25 prawa. Interests receivable chrome. The best quarter tot yet to be reched 2. Consumption of fred capital alcune chargedra 3. During the year, newly constructed market stores were takes who poil two years remine on July 1-2009 and is rent will expire on me 30.12 4. Reveneschiedene wah the prime of the Local Gremax Act, 2016. (Ad 3. Inemories of stationery and printing waterials for we wale at the end of the year was as Gak Hoteca Com Replacement Cost Nei Reliable vale You are required to prepare, in a format table for external and in candance with Public Financial Management et 2016 (Act 9211. the Local Govenance Act, 2016 (1936) the Internal Public Sector Accounting Standards the following: A Statement of Funcul Performance for the year ended 31 December 2009 Astrement of Changes in NetAsset and Equality for the year ended 31 December, 2019, 10 A Statement of Facul este as at 31 December, 2019 and New b) Mpuntuo Municipal Assembly (MMA) is a subnational level institution in Ghana which is in the process of preparing its financial statements for year ended 31st December, 2019. Below is the Assembly's most recent Trial Balance as at 31 December 2019. I Property rates Ceded revenue Share of district assembly common fund Hawkers licenses Training workshop Fixed deposit Contract retention Tax withholdings Advances to staff Contract mobilization Rankennd cash GHc'000 GHc'000 48,000 29,000 68,000 2,000 2,500 15,000 32,000 3,500 6,000 59,800 20.000 2200 2.900 SUO Question One a) Discus the accounting policy implication of the cash basis and cul basis of accounting adatly which of the basis of acting you will recommend for pation in the preparation of financial statements in the puble rector (5 marks) b) Mpuro Municipal Assembly (MMA) is a subrational level tution in Ghara which is in the process of preparing its francial statements for your ended 31. December, 2019. Below is the Abysmal recent Trul Balance as at 31 December 2019 ada Utilities and office consumables Accumulated fund Foreign travel and per diem Special social interventions Interest on fired deposits GCB Loan 180 6,500 200 COLLO Property mies Ceded revenue Share of district assembly common fund Hawkers licenses Training worlay Fred del Contacte Tax willing Advances to Cabution Hank and each GH 000 C 48.000 29,000 68.000 2.000 2.500 15.000 12.000 Additional information The following a warmation has been made available 1. The the depostamenting to Grillen was made with Skalank on July 14, 2019 the rate of peramum Interest is receivable every three mets. The last quarter interest is yet to be received 2. Comunion of fixed capdalon al current sets are charged at 20% permum 3 During the year, wly constructed murderes were out to traders who paid to your rent in vane on July - 2019 and this we will exple on June 10, Revers are classifieds lise with the provisions of the Local Governance Act, 2016 (Act 9361 $ Isostenery and ping material for the the end of the year was follows: 59,800 20.000 1,200 led post Asymes kwences 32.000 NO 1.100 600 200 800 Replacement Com Nei Real value SO 240,000 125.000 30,000 1.250 Repairs and me Rahat of Constructie was completed Construction works as poss Purchase of furniture and fing Purchase of computer and Conference and cost charges Allowances Casual Den upport Market 670 140 34.300 4.00 You we required to prepare a forma e for extemal andence with the Puke Facul Management Act, 2016 (Act 31. the Local Gover Act 2016 (36) and the International Pue Sector Accounting Standards the following O AS of Financial Performance for the weed - December, 2014 i Ale of Changes in Net Amet and Equity for the yew ended 31 December 2018 A Statement of Financial Postics 31 December 2012 and iv) Notes to the acco (Total: 30 marks) Lawy 95450 84350 450.00 11.30 14700 Coutes senaties Share of sollund Hiring of and facilities Marbet on Emine Sam NY Simon. We Hankere Mpante Municipal Amb (MMA) is a serial level in Gham which is in the process of papering is free for year ended 31 December, 2019. Below the Assembly's most recent Trial Balance as at 31 December 2009 GH00 GH000 Property rates Share of disassembly confused RO Fol dipen Adana Contract de 90.00 30 Estrated per 59.00 13 300 Awances Prand publication Reput and sweet Relation of facilities Colected Co works in Puchose of fun and rings Perchase of computer and accessories Ceny Conference and seminar com une charges 125.000 11 98.450 5.000 De Lomy pole Court fees and perties Stare sdreven Henges and facilities 14.00 1.00 Examiner Samuel N.Y.Sampie, William A. Anuilk & SchTerper Rent of residential accommodation Utilities and office comme Accued fund Foreign travch cost and per diem Specul www Interested deposits SRO Additional information The following anale has been made web The fined deposite meaning to Hellion was made with Sika Bukobaly 15,2019 the rate of 25 prawa. Interests receivable chrome. The best quarter tot yet to be reched 2. Consumption of fred capital alcune chargedra 3. During the year, newly constructed market stores were takes who poil two years remine on July 1-2009 and is rent will expire on me 30.12 4. Reveneschiedene wah the prime of the Local Gremax Act, 2016. (Ad 3. Inemories of stationery and printing waterials for we wale at the end of the year was as Gak Hoteca Com Replacement Cost Nei Reliable vale You are required to prepare, in a format table for external and in candance with Public Financial Management et 2016 (Act 9211. the Local Govenance Act, 2016 (1936) the Internal Public Sector Accounting Standards the following: A Statement of Funcul Performance for the year ended 31 December 2009 Astrement of Changes in NetAsset and Equality for the year ended 31 December, 2019, 10 A Statement of Facul este as at 31 December, 2019 and New b) Mpuntuo Municipal Assembly (MMA) is a subnational level institution in Ghana which is in the process of preparing its financial statements for year ended 31st December, 2019. Below is the Assembly's most recent Trial Balance as at 31 December 2019. I Property rates Ceded revenue Share of district assembly common fund Hawkers licenses Training workshop Fixed deposit Contract retention Tax withholdings Advances to staff Contract mobilization Rankennd cash GHc'000 GHc'000 48,000 29,000 68,000 2,000 2,500 15,000 32,000 3,500 6,000 59,800 20.000 2200 2.900 SUO Question One a) Discus the accounting policy implication of the cash basis and cul basis of accounting adatly which of the basis of acting you will recommend for pation in the preparation of financial statements in the puble rector (5 marks) b) Mpuro Municipal Assembly (MMA) is a subrational level tution in Ghara which is in the process of preparing its francial statements for your ended 31. December, 2019. Below is the Abysmal recent Trul Balance as at 31 December 2019 ada Utilities and office consumables Accumulated fund Foreign travel and per diem Special social interventions Interest on fired deposits GCB Loan 180 6,500 200 COLLO Property mies Ceded revenue Share of district assembly common fund Hawkers licenses Training worlay Fred del Contacte Tax willing Advances to Cabution Hank and each GH 000 C 48.000 29,000 68.000 2.000 2.500 15.000 12.000 Additional information The following a warmation has been made available 1. The the depostamenting to Grillen was made with Skalank on July 14, 2019 the rate of peramum Interest is receivable every three mets. The last quarter interest is yet to be received 2. Comunion of fixed capdalon al current sets are charged at 20% permum 3 During the year, wly constructed murderes were out to traders who paid to your rent in vane on July - 2019 and this we will exple on June 10, Revers are classifieds lise with the provisions of the Local Governance Act, 2016 (Act 9361 $ Isostenery and ping material for the the end of the year was follows: 59,800 20.000 1,200 led post Asymes kwences 32.000 NO 1.100 600 200 800 Replacement Com Nei Real value SO 240,000 125.000 30,000 1.250 Repairs and me Rahat of Constructie was completed Construction works as poss Purchase of furniture and fing Purchase of computer and Conference and cost charges Allowances Casual Den upport Market 670 140 34.300 4.00 You we required to prepare a forma e for extemal andence with the Puke Facul Management Act, 2016 (Act 31. the Local Gover Act 2016 (36) and the International Pue Sector Accounting Standards the following O AS of Financial Performance for the weed - December, 2014 i Ale of Changes in Net Amet and Equity for the yew ended 31 December 2018 A Statement of Financial Postics 31 December 2012 and iv) Notes to the acco (Total: 30 marks) Lawy 95450 84350 450.00 11.30 14700 Coutes senaties Share of sollund Hiring of and facilities Marbet on Emine Sam NY Simon. We