The books of Omiye Social Club showed the following information for the year ended 31st December 2015

Balances as at 1st January 2015 were as follows:

Accumulated fund 266,000
Bank deposit  80,000
Clubhouse 160,000
Furniture and fittings  24,000

Additional information
i. Outstanding as at 31st December 2015:
- stationery N400
- general expenses 1,200

ii. Salaries of l0,600 paid including 1,000 owed since 2014.

iii. Depreciate clubhouse by 10% and furniture and fittings by 15%

You are required to prepare:

(a) Income and Expenditure Account for the year ended 31st December 2015

(b) Balance Sheet as at that date.

The following balances were extracted from the books of Abobakau Local Government for the year ended 31st December 2019.

Construction of an office block ------ 3,850,000
Renovation of classroom blocks ----1,065,500
Court fines---- --------------------------------90,000
Building permits ---- -----------------------650,000
Rehabilitation of street lights-- ----------470,500
Wages and salaries----------------------7,880,450
Medical services -- ----------------------1,334,650
Provision of pipe borne water--- -----2,500,000
Interest on investments-------------------250,000
Lorry park levies----------------------------380,000
Market tolls-----------------------------------560,000
Property rates-----------------------------1,200,000
General administration------------------- 630,700
Motor vehicle procured-----------------6,653,000
Extension of office building------------- 950,000 
Royalties ----------------------------------4,500,000
Subvention from Central/Fed govt 20,000,000
Grants from donor agencies---------2,000,000
Donations to charity homes----------250,000
Entertainment permits------------------70,000
Staff training ----------------------------550,000
Entertainment expenses ------------200,000
Marriage registration fees ------------80,000 
Allowances to community leaders-380,000
Birth certificate fees ------------------160,000
Maintenance of motor vehicles----650,000

You are reg You are required to prepare for the ended 31st December 2019

(a) Statement of Recurrent Expenditure

(b) Statement of Capital Expenditure 

(c) Statement of Revenue

Yallawa Stores Ltd has two departments. The following balances Were extracted from its books as at 31st December 2017.

Purchases: Department A    720,000
                   Department B   520,000
Rent and rates                       50,000
Commission                          55,000
Insurance                                5,000
Sales: Department A         1,500,000
           Department B         1,250,000
Discount received                124,000
Advertising                             20,000
Salaries and wages             250,000
Depreciation                          35,000
Administration and general expenses 50,000
Opening stock: Department A   150,000
                         Department B   100,000
CIosing stock: Department A     175,000
                       Department B     142,000

Additional information: Expenses are to be apportioned to the departments as follows
i. commission on the basis of sales:
ii. salaries and wages - 3:2 for Department A and B respectively
iii. discount received - 10% of purchases
iv. other expenses are to be apportioned equally.

You are required to prepare a Departmental Trading, Profit, and Loss Account for the year ended 31st December 2017.

(a) What is a source document?

(b) List six types of source documents.

(c) state three uses of subsidiary books

(a) What is a Bank Reconciliation Statement?

(b) State three reasons for preparing a bank reconciliation statement

(c) Explain the following terms:
i. unpresented cheques
ii. standing order
iii.credit transfer