Question
The following balances were extracted from the books of Abganabganabga Metropolitan Assembly for the year ended 31st December, 2016. GHS Property rate 36,000 Funeral rate
The following balances were extracted from the books of Abganabganabga Metropolitan Assembly for the year ended 31st December, 2016.
GHS
Property rate 36,000
Funeral rate 12,000
Salaries of employee 70,500
Commission to revenue collectors 7,800
Overtime Allowance 8,100
Revenue from Concession 14,500
Stool lands revenue 6,900
Market tolls 12,600
Court fines 57,000
Sanitation fees 21,600
Lorry Park fees 10,500
Stationery and printing 42,000
Conferences 7,200
Telecommunication 9,300
Maintenance of building 4,800
Herbalist license 11,700
Chop bar license 42,300
Hotels license 69,000
Consumption of fixed assets 24,000
Market stores rent 15,600
Bungalow rent 10,200
Interest paid on Bonds issued 23,400
Interest on overdraft 27,600
Conferences 7,200
Telecommunication 9,300
Maintenance of building 4,800
Herbalist license 11,700
Chop bar license 42,300
Hotels license 69,000
Consumption of fixed assets 24,000
Market stores rent 15,600
Bungalow rent 10,200
Interest paid on Bonds issued 23,400
Interest on overdraft 27,600
Social benefits 27,000
Common fund 135,000
Central Government salaries 69,000
Dividend on shares purchased 36,000
Unspecified receipts 4,800
Other income 20,200
Grants given to community 24,900
Other expense 54,000
915,500
Required:
Prepare statement of financial performance of the District for the year ended 31st December, 2016.
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