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The trial balance extracted from the books of account of the Controller and Accountant General department (CAGD) for the
Posted: Sat Feb 19, 2022 2:33 pm
by answerhappygod
- The Trial Balance Extracted From The Books Of Account Of The Controller And Accountant General Department Cagd For The 1 (58.86 KiB) Viewed 73 times
The trial balance extracted from the books of account of the Controller and Accountant General department (CAGD) for the year ended 31" December 2018 is as follows: DR GHC CR GH 63.187 1.242 10.108 67.255 9,740 3,475 16,206 13,460 1.955 14.250 1,683 1.445 425 Net Accumulated Result 1/1/2018 Investment in Barclays Bank Domestic loan Trust Fund Bank Balances with foreign & Diplomatic Missions Staff welfare advances Loans to ECG Compensation of employees Divestiture Receipts Foreign loans-IMF & World Bank Employers Contribution-SSF Value Added Collection Value Added Refunds Bank Balance with Bank of Ghana: Account No. 48 Account No. 23 Account No. 40 Account No. 29 Pension and Gratuities Public Debt Interest Servicing: Domestic debt External debt Petroleum Taxes Import Duties Consumption of fixed capital Other Expenses Fees and Charges Received General taxes on Good & Services Administration Expenses Service Costs Other Liabilities Total 1.399 4,854 1.900 620 1,363 641 900 642.000 752 148,078 219,000 1.750 2,745 219,351 180,750 824,467 18,400 824,467 Required: As an Accountant in charge of final accounts at the Controller and Accountant General (CAGD), you are to: i) Prepare the Revenue and Expenditure Account ii) Balance Sheet as at 31 December 2018.