Question
The following are the balances extracted from the Public Accounts on the Consolidated Fund for the year ended 31 December 2012. GH000 Direct Tax 1,044,460
The following are the balances extracted from the Public Accounts on the Consolidated Fund for the year ended 31 December 2012. GH000 Direct Tax 1,044,460 Compensation of Employees 808,672 Goods & Services 404,336 Non-Financial Assets 134,779 Indirect Tax 939,556 Grants 28,110 Interest Expenses 398,138 Social Benefits 238,882 Other Expenses 159,255 Other Revenue 50,928 1National Health Insurance Levy 79,368 Depreciation and Amortization 20,524 Loan Repayments 3,056,000 Levies 27,184 Loans Received 4,245,150 Loan Recoveries 1,166 Other Payments 68,428 Cash and Bank Balances as at 1/1/2012 813,462 Required: a) Prepare Receipts and Payments of the Consolidated Fund for the year ended 31 st December, 2013. b) Statement of Cash and Bank Balances of the financial statements of the Public Accounts of the Consolidated Fund.
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