Question
Question 13 The following information relates to transactions of the Consolidated Fund for the year ended 31st December, 2019. GHc000 Tax revenues 200,000 Non tax
Question 13 The following information relates to transactions of the Consolidated Fund for the year ended 31st December, 2019.
GHc000
Tax revenues 200,000
Non tax revenues 98,500
Grants 67,000
Purchase of goods 41,000
Purchase of Furniture and Fittings 34,000
Construction of Roads 85,000
Domestic borrowing 40,000
External bilateral borrowing 70,000
Eurobonds issued 92,000
Repayment of domestic borrowing 22,000
Purchase of motor vehicle 21,000
Repayment of Eurobond 33,400
Interest paid 25,000
Sale proceeds from disposal of Equity Investment 43,500
Consultancy services paid 15,500
Consumption of fixed capital 50,000
Bank and cash balance ( 1/1/19) (80,000)
Bank balance and cash (31/12/19) 254,100
Required: Prepare Cash Flow Statement for the Consolidated Fund for the year ended 31st December 2019 in accordance with the IPSAS 2: Cash Flow Statement.
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