You are provided with the following information relating to the Consolidated Fund for the year ended 3
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Question:
You are provided with the following information relating to the Consolidated Fund for the year ended st December,Additional Information The following has been extracted from the annual budget. Consumption of fixed capital for the year ended st December, is charged as follows; property, plant and equipment GHC and infrastructure GHc Donation received inkind during the year amounted to GHc and no record was made in the books of accounts. Salary for new staff recruited into the civil service remained unpaid during the year. Repair and maintenance paid in advanced to recognized garages during the year amounted to GHc Domestic interest due but not paid at the end of the year amounted to GHc The financial reports are prepared using current chart of accounts of government. Required: Prepare in line with the IPSAS and the Public Financial Laws of Ghana: a A Statement of Revenue and Statement of the Consolidated Fund in Comparison with the Budget for the year ended st December, b A Statement of Financial Position of the Consolidated Fund as st December, c Notes to the financial statement.
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