rn The following Trial Balance relates to Banco Community College, a public tertiary educational institution in Guyana,

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The following Trial Balance relates to Banco Community College, a public tertiary educational institution in Guyana, as at December 31, 2019. DR CR $00 4,575,622 $00 Fees Income 5,312,430 856,670 Permanent Post Allowance 655,600 Independent consultancy fees Legal Cost CARICOM Grant 25,059 1,540,000 565,500 1,253,600 500,000 8,100 468,050 Consultancy Cost Non-Permanent Post Seminars cost 9,066,828 Sponsorship (granted/received) Receivables 182,840 8,600 Payables 20% loạn 150,765 Books and Research Allowance 3,000,000 2,505,000 250,000 352,000 Plant and Machinery Motor Vehicle 756,000 Building 12,300,000 995,500 150,000 Software 211,430 Other Incomes 48,500 294,233 104,000 Project Work Supervisory Allowance Cash and Bank Training and Workshop cost Bad debt provision (student fees) Work in Progress Other Expenses Withholding Tax 4,940 8,251,735 71,000 90,500 11,205,270 Accumulated Fund 560,053 Utilities Bills 9,196,270 Proceeds from Sale of Admission Forms Superannuation End of Service Benefits 278,500 298,040 399,165 Stationery Stock 38.245,900 38.245,900 The following Trial Balance relates to Banco Community College, a public tertiary educational institution in Guyana, as at December 31, 2019. DR CR $00 4,575,622 $00 Fees Income 5,312,430 856,670 Permanent Post Allowance 655,600 Independent consultancy fees Legal Cost CARICOM Grant 25,059 1,540,000 565,500 1,253,600 500,000 8,100 468,050 Consultancy Cost Non-Permanent Post Seminars cost 9,066,828 Sponsorship (granted/received) Receivables 182,840 8,600 Payables 20% loạn 150,765 Books and Research Allowance 3,000,000 2,505,000 250,000 352,000 Plant and Machinery Motor Vehicle 756,000 Building 12,300,000 995,500 150,000 Software 211,430 Other Incomes 48,500 294,233 104,000 Project Work Supervisory Allowance Cash and Bank Training and Workshop cost Bad debt provision (student fees) Work in Progress Other Expenses Withholding Tax 4,940 8,251,735 71,000 90,500 11,205,270 Accumulated Fund 560,053 Utilities Bills 9,196,270 Proceeds from Sale of Admission Forms Superannuation End of Service Benefits 278,500 298,040 399,165 Stationery Stock 38.245,900 38.245,900

Answer rating: 100% (QA)

2 4 objectives of general purpose financial statements are given below A Improv... View the full answer