Below are information and data of Malaysian Government for the year 2020.

1. Consolidated Revenues Account 2020

Particulars	2020 (RM)	2019 (RM)
Balance at 1 January	12,837,653,396	12,683,033,041
Total Revenues	35,273,453,226	31,966,730,372
Total Operating Expenditure	34,831,675,305	31,812,110,017
Balance at 31 December	13,279,431,317	12,837,653,396

2. Consolidated Trust Accounts

Accounts	Balance at 1 January 2020 (RM)	Balance at 31 December 2020 (RM)
Development Fund	(13,822,929,392)	(14,824,115,990)
Sinking Fund	100,735,825	64,530,671
Housing Loan Fund	164,042,058	17,382,504
Government Trust Fund	(30,623,168)	2,121,427,497
Public Trust Fund	455,902,832	508,714,497
Deposits	(257,375,552)	581,019,420
Acounts Payable	1,533,558,091	1,822,460,127

3. Consolidated Loan Accounts

Consolidated Loan Accounts for Government Malaysia consist of Treasury Bills, Investment Certificates and Other Loans. Consolidated Loans Account balance at 31 December 2020 was RM14, 399,589,340, while balance at 31 December 2020 was RM14, 438,458.153.

4. Statement of Investment Account

Particulars	Nominal value	Market value	Book value	Book value 2020
General Investment	420,391,633	442,681,667	430,540,103	501,488,165
Sinking Fund Investment	64,416,701	64,152,574	64,530,671	100,735,825
Special Fund Investment	570,293,697	572,515,824	570,837,246	444,374,863

5. Summary Statement of Cash

Particulars	2020 (RM)	2019 (RM)
Cash In Hand	12,116,306	12,222,630
Cash In Transit	136,507,805	330,327,869
Cash At Bank	16,755,907,252	14,030,272,891

6. Detailed of total Revenues and Operating Expenditure based on General Object are as follows:

Particulars	Year 2020 Percentage (%)	Year 2019 Percentage (%)
Tax Revenue	66.0	67.0
Non-Tax Revenue	29.7	30.1
Non-Revenue Receipts	4.0	2.5
Revenue from Federal Territories	0.3	0.4
Emoluments	29.7	31.5
Supplies and Services	10.6	11.0
Assets	0.8	0.8
Grants and Fixed Charges	57.0	54.1
Other Expenditure	1.9	2.6

Based on the above information, you are required to prepare a comparative summary statement of the Consolidated Revenue Account and a Comparative Balance Sheet for the year 2020 as required by the financial procedure Act, 1957.

Answer rating: 100% (QA)

Comparative Summary Statement of the Consolidated Revenue Account Particulars 2020 RM 2... View the full answer