The following data relates to Ministry of Works and Housing for the year ended 31st December 2022.

i. Ministry of Works and Housing vote for the year 2022 is GHS900,000,000 analyzed as follows:

GHS000

Compensation                    300,000

Goods and Services            300,000

Social Benefits                      180,000

Other expenditure                120,000

Less Appropriation in Aid         600

Total                                          899,400

ii. Authorized appropriation in Aid is estimated as GHS600,000

iii. The Accountant General Department drew from the consolidated fund and paid personnel compensation for the ministry totaling GHS 200,000,000 for the year

iv. Budgetary released direct to Ministry of Works and Housing comprises Goods and Services expenditure, Social Benefits, and other Expenditure amount to GHS 899,400,000

v. Actual expenditure incurred for 2022 are as follows:

 GHS000

Compensation paid by CAGD      200,000

Use of Goods & Services               295,000

Social Benefits                                197,000

Other Expenditure                          140,000

Appropriation in Aid realized GHS 600,000

Surplus cash is to be returned to chest and surrender.

Required:

Prepare the Appropriation Account for the Works and Housing Ministry for the year ended 31st December, 2022.

Answer rating: 100% (QA)

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