Below is the summarized accounting information for Becca State Government as at 31 December 2010. Petty...

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Below is the summarized accounting information for Becca State Government as at 31 December 2010. Petty cash Cash in transit Revenue from land Entertainment tax Licenses Cash at bank Permit Revenue from forestry Revenue from rental Drainage tax Domestic deposit MBI shares Interest and return on investments Returns from sales of goods Refunds of expenditure Receipts from Government Agencies Services and services fees Fine and forfeitures Development fund Water supply fund Government trust fund Public trust fund Deposit Loan fund RM 4,504.45 290,922.94 6,257,135.95 1,060.00 2,567,577.63 271,264.43 71,678.56 3,955,622.84 231,981.00 770,642.40 3,000,000.00 72,237.94 2,200,503.69 14,131,575.83 321,213.87 31,906,945.61 2,644,226.73 103,801.00 49,732,250.55 (30,130,123.24) 45,875,615.05 7,546,063.13 35,030,298.87 25,030,727.99 Additional information: 1. The balance for Statement of Revenue and Expenditure for the year ended 31 December 2009 is (112,980,607.85). A. 2. The operating expenditures are as follows: Salary and wages Permanent allowances Raw material supplies Communication and utilities Overtime Transport of goods Travel and transport Land and land maintenance Vehicle and machinery Grants and fixed charges Other expenditures REQUIRED (a) Prepare the Statement of Revenue and Expenditure for the year ended 31 December 2010. RM 19,433,308.66 1,181,520.48 6,542,612.68 4,242,604.04 1,610,720.52 5,931,892.16 5,521,124.49 2,567,697.46 1,579,000.00 32,815,507.36 203,272.00 (b) Prepare the Balance Sheet as at 31 December 2010. (12 Marks) (7 Marks) Below is the summarized accounting information for Becca State Government as at 31 December 2010. Petty cash Cash in transit Revenue from land Entertainment tax Licenses Cash at bank Permit Revenue from forestry Revenue from rental Drainage tax Domestic deposit MBI shares Interest and return on investments Returns from sales of goods Refunds of expenditure Receipts from Government Agencies Services and services fees Fine and forfeitures Development fund Water supply fund Government trust fund Public trust fund Deposit Loan fund RM 4,504.45 290,922.94 6,257,135.95 1,060.00 2,567,577.63 271,264.43 71,678.56 3,955,622.84 231,981.00 770,642.40 3,000,000.00 72,237.94 2,200,503.69 14,131,575.83 321,213.87 31,906,945.61 2,644,226.73 103,801.00 49,732,250.55 (30,130,123.24) 45,875,615.05 7,546,063.13 35,030,298.87 25,030,727.99 Additional information: 1. The balance for Statement of Revenue and Expenditure for the year ended 31 December 2009 is (112,980,607.85). A. 2. The operating expenditures are as follows: Salary and wages Permanent allowances Raw material supplies Communication and utilities Overtime Transport of goods Travel and transport Land and land maintenance Vehicle and machinery Grants and fixed charges Other expenditures REQUIRED (a) Prepare the Statement of Revenue and Expenditure for the year ended 31 December 2010. RM 19,433,308.66 1,181,520.48 6,542,612.68 4,242,604.04 1,610,720.52 5,931,892.16 5,521,124.49 2,567,697.46 1,579,000.00 32,815,507.36 203,272.00 (b) Prepare the Balance Sheet as at 31 December 2010. (12 Marks) (7 Marks)

Answer rating: 100% (QA)

A a Statement of Revenue and Expenditure for the Year Ended 31 December 2010 Description Amount RM Revenue Revenue from land 625713595 Entertainment t... View the full answer