Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required: Based on the information, prepare the Statement of Financial Position and Statement of Cash Receipts and Payments for X Federal Government for the year
Required: Based on the information, prepare the Statement of Financial Position and Statement of Cash Receipts and Payments for “X Federal Government” for the year of 2021. (
The table below showed financial information for X Federal Government for the year 2021. Item RM (million) 20,497 Cash as at 1 January Capital Receipts 1,224 21,863 (10,450) 54,680 82,996 109,493 83,484 56,294 7,689 Consolidated Revenue Account Consolidated Loan Account Consolidated Trust Account Emolument Grants and Fixed Charges Investments Non - Tax Revenue Non - Revenue Receipts Other Expenditure Purchase of Assets Revenue from Federal Territories Supplies and Services Tax Revenue 944 630 676 29,323 154,397 Continued...
Step by Step Solution
★★★★★
3.45 Rating (148 Votes )
There are 3 Steps involved in it
Step: 1
Statement of Financial Position RM million Assets Cash and cash equivalents 20497 In...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