2.5. PUBLIC SECTOR ACCOUNTING ASSIGMNENT 6 QUESTION ONE Below is the Balance of the Consolidated Fund for the year ended ended 31st December, 2015 Debit Credit GHC’Million’ GHC’Million’ Established post salaries 6,762 Materials and office consumables 3,352 Conferences and serminars 1,255 Foreign travel 745 Casual labour cost 234 Non Established post salaries 2,008 Corporate tax 4,500 Grant 825 1,258 Non tax revenue 1,156 Taxes paid individuals 1,800 Direct taxes 641 Free school uniform cost 641 School feeding programme cost 361 Leap 38 Excises 6,716 Domestic Debt interest 1,453 External Debt interest 1,741 Acquisition of motor vehicle 247 Acquisition of plant and equipment 42 Purchase of Aircraft 367 Treasury bills 11,120 Bonds on Ghana Stock Exchange 13,462 Euro bonds 7,456 Bilateral multilateral debt 17,422 Trust fund and deposit 2,235 Other expenditures 910 Accumulated fund 44,758 Gold and reserves 860 Cash and bank 67 and advances 980 Equity and security investment 560 Taxes on imported Goods & Services 1,000 Construction of infrastructure 560 68,766 68,766
2.5. PUBLIC SECTOR ACCOUNTING ASSIGMNENT 6 QUESTION ONE Below is the Balance of the Consolidated Fund for the year ended ended 31st December, 2015 Debit Credit GHC’Million’ GHC’Million’ Established post salaries 6,762 Materials and office consumables 3,352 Conferences and serminars 1,255 Foreign travel 745 Casual labour cost 234 Non Established post salaries 2,008 Corporate tax 4,500 Grant 825 1,258 Non tax revenue 1,156 Taxes paid individuals 1,800 Direct taxes 641 Free school uniform cost 641 School feeding programme cost 361 Leap 38 Excises 6,716 Domestic Debt interest 1,453 External Debt interest 1,741 Acquisition of motor vehicle 247 Acquisition of plant and equipment 42 Purchase of Aircraft 367 Treasury bills 11,120 Bonds on Ghana Stock Exchange 13,462 Euro bonds 7,456 Bilateral multilateral debt 17,422 Trust fund and deposit 2,235 Other expenditures 910 Accumulated fund 44,758 Gold and reserves 860 Cash and bank 67 and advances 980 Equity and security investment 560 Taxes on imported Goods & Services 1,000 Construction of infrastructure 560 68,766 68,766
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