Question The following are the balances extracted from the public Accounts on the consolidated fund from the year ended 31 December 2016. GHS000 Direct Tax 1044460 compensation of employee 808672 Goods and Services 404336 Non-financial Assets 134779 Indirect tax 939556 Grants 28110 Interest Expenses 398138 Social benefits 238882 Other Expenses 159255 Other revenue 50928 Ntional Health Insurance Levy 79368 Depreciation and Amortization 20524 Loan Repayments 3056000 Levies 27184 Loans Received 4245150 Loans Recoveries 1166 Other Payments 68428 Cash and Bank Balances as at 1/1/2016 813462 Required: a.Prepare Receipts and Payments of the Consolidated Fund for the year ended 31st December 2016. b.Statement of Cash and Bank balances at the beginning and end of the year ended 31st December 2016.
The following are the balances extracted from the public Accounts on the consolidated fund from the year ended 31 December 2016.
GHS000
Direct Tax 1044460
compensation of employee 808672
Goods and Services 404336
Non-financial Assets 134779
Indirect tax 939556
Grants 28110
Interest Expenses 398138
Social benefits 238882
Other Expenses 159255
Other revenue 50928
Ntional Health Insurance Levy 79368
Loan Repayments 3056000
Levies 27184
Loans Received 4245150
Loans Recoveries 1166
Other Payments 68428
Cash and Bank Balances as at 1/1/2016 813462
Required:
a.Prepare Receipts and Payments of the Consolidated Fund for the year ended 31st December 2016.
b.Statement of Cash and Bank balances at the beginning and end of the year ended 31st December 2016.
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