QUESTION 1 The following are the balances extracted from the Consolidated Fund of the Public Accounts for the year ended 31" December, 2018 GHS'000 Taxes paid by individuals 405,218 Subsidies on petroleum products 12,650 Taxes paid by Companies & Enterprise 67,892 Other Direct Taxes 49,119 Taxes on Goods and Services 132,532 Issue of short term bonds 156,360 National Pension Contribution 45,440 Allowances to Employees 28,000 Non-Established Post-Salaries 200,052 Established Post-Salaries 400,400 Grants 14,055 Other Revenue 25,464 Redemption of short term bonds 78,300 Materials and Office Consumables 58,763 Utilities 17,280 Rentals, Travel & Transport 20,805 Domestic Debt Interest 20,100 Training, seminar and Conference Cost 27,125 External Debt Interest 41,886 Cash & Bank Balances 980,449 Advances & Receivables 30,082 Long Term Receivables 1,418,308 Payables 605,522 Deposit and Other Trust Monies 1,876,206 Short-Term Borrowing 5,649,911 Equity Investment 1,809,876 Infrastructure, Plant & Equipment 1,014,403 Work-In-Progress 193,050 Subsidies on utilities 24,800 Domestic Debt 11,859,794 1 External Debt LEAP Programme Cost School Feeding Programme Cost Free School Uniform Cost Other Expenses Consumption of fixed assets Excises Customs and Other Import Duties Accumulated Surplus(01/01/2018) 16,141,574 33,060 15,250 34,339 20,662 123,973 46,450 290,794 30,671,838 (DR) You are required to: a) Compute the Total Revenue on the Consolidated Fund. b) Compute the Total Expenditure on the Consolidated Fund. c) Show the results on the Consolidated Fund Statement of Revenue and Expenditure. d) Prepare the Statement of Financial Position for the Consolidated Fund, QUESTION 2 Explain the objectives of Public Sector Accounting in relation to Stewardship and Accountability