The following balances were extracted from the books of Abobakau Local Government for the year ended 31st December 2019. Construction of an office block 3,8...
Question 1 Report
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
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