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
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
The following are importance of branch account except
The use of three column cash book is determined by
The authority warrant issued prior to the approval of the appropriate bill at the begining of the year