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3096

a. Omuga District Council made the following payments for 2020.
 

Heads Particulars Amount (D)
20011 Construction of market stalls 100,000
20021 Maintenance of roads 30,000
20031 Construction of health centre 120,000
20041 Repair of vehicle 10,000
20051 Sinking of borehole 80,000
20061 Lubricants 20,000
20071 Purchase of ambulance 60,000
20081 Electricity bills 15,000
20091 Office equipment and machines 20,000
20101 Yellow fever vaccine 12,000
20111 Construction of laboratory 130,000
20121 Servicing of generator 5,000
20141 Traveling expenses 10,000
20161 Stationery 5,000
20131 Purchase of hospital equipment 90,000
20151 Purchase of generator 40,000
20171 Purchase of water treatment plant 110,000
20181 Drugs for health centre 30,000
20191 Purchase of office furniture 80,000
20201 Environmental sanitation 40,000
20221 Staff benefit 20,000
20211 Construction of day care centre 110,000
20231 Construction of toilets 60,000
20241 Telephone expenses 12,000
20251 Provision of street lights 90,000
20261 Refuse disposal 30,000
20281 Salaries 100,000
20301 Hospitality expenses 30,000



You are required to prepare for the year ended 31st December 2020:



Statement of Capital Expenditure

b. Omuga District Council made the following payments for 2020.
 

Heads Particulars Amount (D)
20011 Construction of market stalls 100,000
20021 Maintenance of roads 30,000
20031 Construction of health centre 120,000
20041 Repair of vehicle 10,000
20051 Sinking of borehole 80,000
20061 Lubricants 20,000
20071 Purchase of ambulance 60,000
20081 Electricity bills 15,000
20091 Office equipment and machines 20,000
20101 Yellow fever vaccine 12,000
20111 Construction of laboratory 130,000
20121 Servicing of generator 5,000
20141 Traveling expenses 10,000
20161 Stationery 5,000
20131 Purchase of hospital equipment 90,000
20151 Purchase of generator 40,000
20171 Purchase of water treatment plant 110,000
20181 Drugs for health centre 30,000
20191 Purchase of office furniture 80,000
20201 Environmental sanitation 40,000
20221 Staff benefit 20,000
20211 Construction of day care centre 110,000
20231 Construction of toilets 60,000
20241 Telephone expenses 12,000
20251 Provision of street lights 90,000
20261 Refuse disposal 30,000
20281 Salaries 100,000
20301 Hospitality expenses 30,000



You are required to prepare for the year ended 31st December 2020:



Statement of Revenue Expenditure

View Answer & Discuss WAEC 2022
3097

a. Ade, a trader had the following balances in the creditors ledger on October 31, 2020.
 

  GH⊄
Kristy 4200
Erica 8700

 

b. Ade, a trader had the following balances in the creditors ledger on October 31, 2020.
 

  GH⊄
Kristy 4200
Erica 8700



The following transactions took place in November 2020:

November   GH⊄
4 Goods bought from Kofi 17400
4 Returned goods to Erica 1500
10 Goods returned to Kofi 900
16 Goods bought from Mary 10500
21 Goods bought from Kofi 14100
23 Payment to Kristy after deducting discount of GH⊄ 300 3900
27 Payment to Erica after deducting discount of GH⊄ 600 6600



All purchases were on credit while all payments made through the bank

You are required to prepare:



The individual creditors account

View Answer & Discuss WAEC 2022
3098

The following are importance of branch account except

  • A. it allows fraud and wastage of resources
  • B. it assist the organization to determine the performance of a branch manager
  • C. it enable the organization to determine the branch that is making either profit or loss
  • D. it allows proper control over the branch by the head office
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3099

The use of three column cash book is determined by

  • A. trade discount
  • B. cash transaction
  • C. bank transaction
  • D. cash discount
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3100

The authority warrant issued prior to the approval of the appropriate bill at the begining of the year

  • A. contigencies
  • B. reserved expenditure warrant
  • C. annual general warrant
  • D. provisional general warrant
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