- With reference to the International Public Sector Accounting Standard (IPSASs), explain the following
bases of accounting;
(i) Cash basis
(ii) Accrual basis(Solved)
With reference to the International Public Sector Accounting Standard (IPSASs), explain the following
bases of accounting;
(i) Cash basis
(ii) Accrual basis
Date posted: October 3, 2022. Answers (1)
- Explain the role of the “Paymaster General”(Solved)
Explain the role of the “Paymaster General”
Date posted: October 3, 2022. Answers (1)
- The following balances of the non-current assets were extracted from the books of Charaka Ltd. as at 1 May
2009
...(Solved)
The following balances of the non-current assets were extracted from the books of Charaka Ltd. as at 1 May
2009
Cost Accumulated depreciation
Sh. "000" Sh. "000"
Land 4,162,500 -
Buildings 4,387,500 438,750
Furniture and fittings 1,350,000 450,000
Plant and Machinery 11,081,250 6,693,750
Motor Vehicles 5,287,500 2,205,000
The following relates to the year ended 30 April 2010
1. The depreciation policy of Charaka Ltd is as follows
Non-current Asset Basis of depreciation Rate per annum (%)
Land - -
Buildings Straight-line method 2.50
Plant and machinery Straight-line method 10.0
Motor vehicles Straight-line method 25.0
Furniture and fittings Reducing balance method 12.5
A full year’s depreciation is provided in the year of acquisition. No depreciation is provided in the year of disposal
2. An item of plant acquired on 1 November 2004 for sh. 2,562,500 was disposed of during the year for sh. 1,250,000
3. New machinery was acquired during the year. The following were the cost of acquisition;
Sh.
Invoice price paid 5,215,000
Import duty 724,500
Freight charges 126,740
Annual insurance premium 146,000
Installation cost 178,500
Value added tax 810,500
Input VAT is recoverable from output VAT
4. A delivery Van which was purchased in April 2009 for sh. 2,145,000 was stolen during the year. The
insurers agreed to compensate the company by paying 85% of the cost
5. Land and Buildings were revalued by JLC valuers on 2 May 2009 at sh. 5,675,000 and sh. 4,860,000
respectively.
Required:
Property, Plant and Equipment movement schedule for the year ended 30 April 2010
Date posted: October 3, 2022. Answers (1)
- Briefly explain two types of accounting packages that may be used by an organization and the main features
of these packages.(Solved)
Briefly explain two types of accounting packages that may be used by an organization and the main features
of these packages.
Date posted: October 3, 2022. Answers (1)
- Explain any four roles of the Institute of Certified Public Accountants of Kenya (ICPAK) or the equivalent
body in your country (Solved)
Explain any four roles of the Institute of Certified Public Accountants of Kenya (ICPAK) or the equivalent
body in your country
Date posted: October 3, 2022. Answers (1)
- Salama Ltd. offered 5 million ordinary shares of sh.20 par each payable as follows:
...(Solved)
Salama Ltd. offered 5 million ordinary shares of sh.20 par each payable as follows:
Sh.
• On application 3
• On allotment 8 (including premium)
• On 1st Call 7
• On 2nd and final call 4
The following is a sequence of transactions relating to the issue
Date
May 2010
5: Applications were received for 7,200,000 ordinary shares
18: Applications for 1,200,000 ordinary shares were rejected and the application monies refunded to the
applicants
20: Allotment letters were issued to 6,000,000 applicants. 5 shares were allotted for every 6 shares applied
for. Excess application monies were to be transferred to the allotment account
28: All allotment monies due were received in cash
June 2010
4: First call was made
10: Monies due on first call were received except for 5 shareholders who had been allotted a total of
200,000 shares.
July 2010
20: Second call was made.
28: Monies due on second and final call were received except for sh. 300,000 shares (including 200,000
shares on which first call monies were also not received.
August 2010
6: Shares were forfeited for applicants who had failed to pay monies due on both the first call and second and final call. Those who had not paid the monies due on the second and final call only were issued with notices.
13: The forfeited shares were re-issued at sh.14 per share, the money due being received on the same date.
The following information as at 4th May 2010 is provided
1. The authorized share capital of Salama Ltd is 20 million ordinary shares of sh.20 par value of which
10million ordinary shares had been issued and fully paid
2. The share premium account amounted to sh.12million while cash at bank was sh. 52million
Required:
(a) Journal entries to record the above transactions
(b) Extract from the statement of financial position of Salama Ltd. immediately after the issue
Date posted: October 3, 2022. Answers (1)
- The financial statements of Tumaini Ltd. for the financial year ended 31 October 2010 were as follows:
Income Statement for the year ended 31 October 2010
...(Solved)
The financial statements of Tumaini Ltd. for the financial year ended 31 October 2010 were as follows:
Income Statement for the year ended 31 October 2010
Sh. "000"
Revenue 84,600
Cost of sales (40,350)
Gross profits 44,250
Investment income 1,500
45,750
Distribution costs (5,640)
Administrative expenses (18,360)
Operating profit 21,750
Finance cost (1,650)
Profit before tax 20,100
Income tax expense (7,300)
Profit after tax 12,800
Statement of financial position as at 31 October
Assets: 2010 2009
Non-Current Assets Sh. "000" Sh. "000"
Premises 34,500 28,300
Plant and Machinery 19,650 16,710
Motor Vehicles 18,010 21,350
72,160 66,360
Intangible Assets
Goodwill 2,500 2,750
Patents 3,550 3,870
6,050 6,620
Current Assets
Inventory 12,030 8,270
Accounts receivables 14,490 14,660
other receivables 3,200 2,000
Cash 2,000 1,000
31,720 25,930
Total assets 109,930 98,910
Equity and Liabilities
Capital and Reserves
Ordinary Share Capital (sh. 10 par value) 14,000 10,000
Share premium 2,500 500
Revaluation reserve 8,540 6,390
Retained profits 52,870 47,000
77,910 63,890
Non-Current Liabilities
Bank Loan 9,860 12,360
Current Liabilities
Trade payables 8,460 7,990
Current Tax 7,080 6,690
Bank overdraft 4,370 6,120
Other payables 2,250 1,860
22,160 22,660
Total capital and Liabilities 109,930 98,910
Additional information
1. The revaluation reserve relates to revaluation of premises
2. The expenses on depreciation, impairment of goodwill and amortization are included in administrative
expenses.
3. During the year, machinery and a motor vehicle were acquired at a cost of sh. 3,500,00 and sh. 1,500,000 respectively. A motor vehicle whose net book value was sh. 2,500,000 was disposed of at a loss of sh. 200,000
Required:
Statement of cash flows for the year ended 31 October 2010 in conformity with the requirements of International Accounting standards (IAS) 7, “Statement of Cash flows”.
Date posted: October 3, 2022. Answers (1)
- The following balances were extracted from the books of futures Limited as at 30 September 2010;
...(Solved)
The following balances were extracted from the books of futures Limited as at 30 September 2010;
Sh. "000"
Land and Building s (Net Book Value) 25,000
Plant and Machinery (Net Book Value) 8,000
Motor Vehicles (Net Book Value) 2,000
Inventory 6,000
Ordinary Share Capital (sh. 50 par value) 10,000
10% preference share Capital (sh. 100 par value) 9,000
10% Debentures 8,000
Corporation tax 500
Interim Ordinary dividend paid 2,000
Other operating expenses 1,550
Distribution costs 6,000
Administrative expenses 13,000
Accounts payable 19,000
Other operating income 4,000
Gross profit 25,000
Debenture interest paid 400
Preference dividend paid 450
Accounts receivable 20,000
Cash at bank 4,100
Capital redemption reserve 6,000
Share premium 4,000
Revenue reserves(1 October 2009) 3,000
Additional information
1. The balance on the corporation tax account represents and overprovision of tax for the previous year. Tax expense for the current year is estimated at sh. 3million
2. On 15 September 2010, the directors of the company proposed to pay the dividends due to the preference shareholders and to also pay the final dividend of sh. 2million to the ordinary shareholders.
3. A building whose Net Book Value is sh. 5million is to be revalued to sh. 9million.
Required:
(a) Income statement for the year ended 30 September 2010
(b) Statement of financial position as at 30 September 2010
Date posted: October 3, 2022. Answers (1)
- Explain three functions of each of the following parliamentary committees in the context of public sector
accounting:
(i) Committee of ways and means
(ii) Public Accounts committee(Solved)
Explain three functions of each of the following parliamentary committees in the context of public sector
accounting:
(i) Committee of ways and means
(ii) Public Accounts committee
Date posted: October 3, 2022. Answers (1)
- XYZ Limited is in the process of computerizing its accounting system. A critical component of this task is the creation of a database for non-current...(Solved)
XYZ Limited is in the process of computerizing its accounting system. A critical component of this task is
the creation of a database for non-current assets.
Required:
Advise XYZ Ltd on the features of a suitable accounting package and the information that would form the
database for the non-current assets
Date posted: October 3, 2022. Answers (1)
- The following trial balance was extracted from the books of Mali Ltd, a manufacturing company, as at 31
December 2010
...(Solved)
The following trial balance was extracted from the books of Mali Ltd, a manufacturing company, as at 31
December 2010
Sh. "000" Sh. "000"
Inventories as at 1 January 2010:
Raw materials 21,000
Finished goods 38,900
Work in progress 13,500
Wages:
Direct 180,000
Factory 145,000
Sale of scrap raw materials 35,000
Royalties 7,000
Carriage inwards 3,500
Purchases of raw materials 370,000
Machinery (Cost sh. 280,000,000) 230,000
Computers (Cost sh. 20,000,000) 12,000
General factory expenses 31,000
Lighting 7,500
Factory power 13,700
Sales 1,000,000
Administrative salaries 44,000
Sales representative salaries 30,000
Commission on sales 11,500
Rent 12,000
Insurance 4,200
General administrative expenses 13,400
Bank charges 2,300
Discount allowed 4,800
Carriage outwards 5,900
Accounts payables 64,000
Ordinary share capital (sh. 10 each) 360,000
10% Debentures 60,000
Buildings 111,000
Accounts receivables 142,300
Balance at bank 76,800
Cash in hand 1,500
Allowance for doubtful debts 6,500
Retained profits (1 January 2010) 10,300
Debenture interest 3,000
1,535,800 1,535,800
Additional information
1. Rent, insurance and light expenses are to be apportioned between factory, office and distribution as follows:
Factory Office Distribution
% % %
Rent 70 30 -
Insurance 60 10 30
Lighting 80 20 -
2. Allowance for doubtful debts is to be maintained at 5% and bad debts of sh. 3,500,000 are to be written off.
3. Inventories as at 31st December 2010 were valued as follows:
Sh.
Raw materials 14,000,000
Finished goods 42,000,000
Work-in-progress 15,500,000
4. Accrued rent and general administrative expenses as at 31 December 2010 amounted to sh. 1,200,000 and sh. 1,500,000 respectively.
5. Prepaid insurance as ta 31 December 2010 amounted to sh. 360,000
6. A provision for corporation tax amounting to sh. 25,340,000 is to be made.
7. Depreciation is to be provided as follows
Asset Rate per annum
Machinery 12.5% on reducing balance basis
Computers 15% on straight line basis
Ignore depreciation on buildings
8. The directors propose to pay a dividend of sh. 0.50 per share
Required:
(a) Manufacturing, trading and income statement for the year ended 31 December 2010.
(b) Statement of financial position as at 31 December 2010
Date posted: October 3, 2022. Answers (1)
- The following assets and liabilities were extracted from the books of Jipemoyo Sport Club as at 31 March:
...(Solved)
The following assets and liabilities were extracted from the books of Jipemoyo Sport Club as at 31 March:
2010 2011
Sh. Sh.
Investment at cost 500,000 400,000
Sports Equipment 60,000 68,000
Furniture 40,000 36,000
Subscription in arrears 18,000 12,000
Subscription in advance 15,000 30,000
Bar Inventory 12,000 22,000
Bar payables 3,000 13,000
Stock of stationary 2,000 1,000
Accrued rates 1,500 2,500
Prepaid insurance 1,400 3,400
The summary of receipts and payments account for the year ended 31 March 2011 was as follows:
Receipts Sh.
Bank balance (1 April 2010) 25,000
Bar takings 360,000
Donations 80,000
Subscriptions 280,000
Income from investment 40,500
Annual dinner sales 140,000
Entry fees 75,000
Proceeds from sale of investment 125,000
1,125,500
Payments
Ground maintenance 40,500
Staff salaries 239,000
Bar payables 120,000
New Equipment 20,000
Subscriptions refunded to members 2,000
Bar man's wages 120,000
Stationary 30,000
Annual dinner costs 80,000
Rates 8,000
Insurance 24,000
Bank balance (31 March 2011) 442,000
1,125,500
1. Included in the subscriptions received during the year of sh. 280,000 is sh. 15,000 being arrears for the year ended 31 March 2010. It is the policy of the club to write off subscriptions arrears owing for more than twelve months.
2. During the year, an investment with cost of sh. 100,000 was sold for sh. 125,000. The clubs accountant recorded only the receipt of proceeds from sale of investment in the books of accounts.
Required:
(i) Bar income statement for the year ended 31 March 2011
(ii) Subscriptions accounts
(iii) Income and expenditure for the year ended 31 March 2011
Date posted: October 3, 2022. Answers (1)
- Enock Safari is a photographer and does not keep a complete set of accounting records. An extract of his receipts and payments for the year...(Solved)
Enock Safari is a photographer and does not keep a complete set of accounting records. An extract of his receipts and payments for the year ended 31 December 2010 was as follows
Sh. 000 Sh. 000
Receipts
Cash in hand (1 January 2010) 3,000
Balance at bank ( 1 January 2010) 420,600
Cash sales 658,000
Credit sales 592,000
rent received from sub-letting 10,400
Sale of Equipment (Book value sh. 6,000) 2,000
Additional capital introduced 30,000
Income tax refund (personal) 5,000
Cash from bank 243,600
259,000 1,705,600
Payments
Purchases for resale 844,000
General expenses 12,000 40,000
rent and rates 59,000
Wages 112,000
personal drawings 130,000
Income tax (personal) 60,000
Cost of new equipment 32,000
Cash withdrawn 243,600
Balance at Bank ( 31 December 2010) 427,000
Cash in hand (31 December 2010) 5,000
259,000 1,705,600
Additional information
1. Inspection of the credit sales invoice books showed that customers owed sh.250,000 on 1 January 2010 and sh.323,600 0n 31 December 2010. The amounts did not include goods withdrawn by Enock Safari for
personal use.
2. Examination of the paid invoices for purchases disclosed trade payables of sh.190,000 as at 1 January 2010 and sh.212,000 as at 31 December 2010.
3. Enock Safari estimated that he had withdrawn goods for his own domestic use which cost sh.5,200 during the year and had not paid for them.
4. As at 1 January 2010, equipment on which depreciation is charged at 5% per annum stood at sh.114,000.
5. Inventory as at 1 January 2010 was valued at sh.190,000 and sh.180,000 as at 31 December 2010.
Required:
(a) Income statement for the year ended 31 December 2010.
(b) Statement of financial position as at 31 December 2010
Date posted: October 3, 2022. Answers (1)
- Alice, Bibianne and Christine have been in partnership for several years sharing profits and losses in the ratio of 2:2:1 respectively after charging interest on...(Solved)
Alice, Bibianne and Christine have been in partnership for several years sharing profits and losses in the ratio of 2:2:1 respectively after charging interest on capital at the rate of 10%
On 1st April 2010, Christine retired from the partnership. Alice and Bibianne agreed to continue with the partnership and to share profits and losses equally after charging interest on capital at the rate of 10% per annum.
For the purpose of retirement of Christine from the partnership, Land and Buildings were revalued at sh. 2,000,000 and furniture and fittings at sh. 3,000,000. Goodwill of the partnership was valued at sh. 1,200,000 on 1st April 2010
The partners agreed that goodwill was to be written off immediately.
The relevant adjustments relating to the above transactions had not been made when the following trial balance as at 30 September 2010 was extracted from the books of the partnership.
Sh. "000" Sh. "000"
Capital
Alice 800
Bibianne 700
Christine 600
Current Accounts
Alice 200
Bibianne 200
Christine 100
Drawings
Alice 180
Bibianne 140
Christine 180
Inventory (30 September 2010) 500
Land and Buildings 1,500
Furniture and fittings 400
Motor vehicles 800
Accounts receivables 470
Accounts payables 200
Prepaid insurance 50
Accrued electricity 20
Bank balance 1,000
Net profit for the year 2,400
5,220 5,220
Additional information
1. Assume the net profit accrued evenly throughout the year
2. Christine agreed to take on her retirement one of the motor vehicles at book value of sh. 400,000 and the balance due to her to be paid in cash
Required:
(a) Income statement for the year ended 30 September 2010
(b) Partner’s current accounts
(c) Partner’s capital accounts
(d) Statement of financial position as at 30th September 2010
Date posted: October 3, 2022. Answers (1)
- Highlight six types of report that could be generated by an accounting package (Solved)
Highlight six types of report that could be generated by an accounting package
Date posted: October 3, 2022. Answers (1)
- Mashariki Enterprises provided the following details of assets and liabilities as at 1st June 2010. The cost details were obtained from the invoice files while...(Solved)
Mashariki Enterprises provided the following details of assets and liabilities as at 1st June 2010. The cost details were obtained from the invoice files while others were obtained verbally from the managing director who was the proprietor
Asset Cost/Valuation Date of acquisition Depreciation
Sh. "000"
Equipment and furniture 2,300 1-Sep-2008 10 % per annum
Buildings 26,000 1-Jan-2005 5 % per annum
Land 3,400 1-Jan-2005 nil
Motor Vehicles 1,600 1-May-2010 20 % per annum
Bank balances 1,000
Trade receivables 1,380
Opening inventory 1,800
Prepaid insurance 450
Cash 120
Trade payables 1,100
Bank Loan 2,400
Accrued sundry expenses 2,600
The policy of the firm is to provide full depreciation in the year of purchase and non in the year of disposal, using the straight-line method
The following is a summary of receipts and payment for the year ended 31st May 2011
Bank Cash Bank Cash
Sh. "000" Sh. "000" Sh. "000" Sh. "000"
Sale of Equipment 200 Rent 2,000
Receipts from debtors 13,000 Donations 250
Sales 4,150 Supplier of goods 5,000
Furniture 900
Salaries and wages 1,400
Stationary 300
Motor vehicles 400
Bank loan 600
Drawings 200
Sales commission 150
Insurance 1,200
Bank charges 120
Sundry expenses 2,800
Interest on loan 240
Additional information
1. The following balances were available as at 31 May 2011
• Prepaid insurance sh. 250,000
• Accrued salaries Sh. 150,000
2. Equipment with a cost of Sh. 300,000 was disposed of during the year
3. Closing inventory was valued at sh. 1,200,000
4. Trade receivables as at 31st May 2011 were sh. 1,150,000 while trade payables were sh. 1,250,000
Required:
(a) Income statement for the year ended 31 May 2011
(b) Statement of financial position as at 31 May 2011
Date posted: October 3, 2022. Answers (1)
- (a) The following information relates to the property, plant and Equipment of Annex construction Limited as at
1
st October 2010:
Asset Cost Accumulated Depreciation Estimated useful life...(Solved)
(a) The following information relates to the property, plant and Equipment of Annex construction Limited as at
1
st October 2010:
Asset Cost Accumulated Depreciation Estimated useful life (years)
Sh. "000" Sh. "000" Sh. "000"
Freehold Land 60,000 - -
Buildings: Factory 150,000 30,000 50
:Office premises 180,000 30,000 45
Plant and Machinery 475,000 365,000 10
Computers 295,000 85,000 4
Motor Vehicles 50,000 35,000 4
Furniture and Fittings 100,000 40,000 5
Additional information
1. None of the assets was fully depreciated as at the end of the year
2. The following assets were acquired on 1st April 2011
Sh. “million”
Plant and Machinery 100
Computers 8
Motor Vehicles 28
3. On 1st April 2011, Motor vehicles with a cost of sh. 6,000,000 were disposed of for sh. 2 million. The cumulative depreciation on the Motor vehicles as at 1st October 2010 was sh. 5 million.
4. Freehold Land and Buildings were revalued on 2nd October 2010 as follows
Sh. “million”
Freehold Land 400
Buildings: Factory 240
: Office Premises 150
5. Depreciation is provided on a prorate basis from the date of acquisition using the straight-line method
6. Assume nil residue value for the assets
Required:
(a) The company’s property, Plant and Equipment movement schedule for the year ended 30th September 2011
(b) Define an intangible asset
(c) Outline four ethical issues that guide accountants while executing their duties
Date posted: October 3, 2022. Answers (1)
- Chungala limited is a public company incorporated to trade on recycled products. The accountant presented the finance manager the following financial statements for the years...(Solved)
Chungala limited is a public company incorporated to trade on recycled products. The accountant presented the finance manager the following financial statements for the years 2010 and 2011
Sh. "millions"
Sales 9,348
Cost of sales (5,688)
Gross profits 3,660
Distribution costs (1,128)
Administrative expenses (1,200)
Operating profit 1,332
Gain on disposal 20
interests paid (60)
Profit before tax 1,292
Income tax expense (304)
Profit after tax 988
Dividends (300)
Retained profits for the year 688
Retained profits brought forward 1616
Retained profits carried forward 2,304
Chungana Ltd
Statement of financial position as at 30 September
2011 2010
Sh. "million" Sh. "million"
Non-Current Assets
Plant and Equipment 6,400 5,200
Motor Vehicles 2,400 1,600
8,800 6,800
Current Assets
Inventory 300 240
Accounts receivables 124 100
Bank balances 216 140
640 480
Total assets 9,440 7,280
Equity and Liabilities
Ordinary Share Capital (sh. 10 each) 5,200 4,800
Share premium 880 320
Retained profits 2,304 1,616
8,384 6,736
Non-Current Liabilities
Long term loan 320 80
Current Liabilities
Accounts payables 96 56
Taxation 480 320
proposed dividends 160 88
736 464
Total capital and Liabilities 9,440 7,280
Additional Information
1. During the year, plant worth sh. 2,200,000 was acquired and Motor vehicles which had cost sh. 200,000,000 were disposed of.
2. The book values of the plant and Equipment and Motor Vehicles comprise
Plant and Equipment Motor Vehicles
2010 2012 2010 2012
Sh. Million Sh. Million Sh. Million Sh. Million
Cost 6,120 7,700 1,920 2,880
Accumulated depreciation (920) (1,300) (320) (480)
Net Book Value 5,200 6,400 1,600 2,400
3. Administration expenses comprise
Sh. Million
Depreciation Plant and equipment 840
Motor Vehicles 300
Others 60
1,200
4. Gain on disposal comprises
Sh. Million
Gain on disposal of Plant and equipment 40
Loss on disposal of Motor Vehicles (20)
20
Required:
Statement of cash flows for the year ended 30th September 2011 in conformity with the requirements of
International Accounting Standard (IAS 7), “Statement of Cash flows”
Date posted: October 3, 2022. Answers (1)
- The following trial balance was extracted from the books of Malezi Ltd as at 31st October 2011:
...(Solved)
The following trial balance was extracted from the books of Malezi Ltd as at 31st October 2011:
Sh. "000" Sh. "000"
Buildings (Cost) 10,000
Plant and Equipment (Cost) 1,400
Motor Vehicles (Cost) 320
Accumulated Depreciation (1 November 2010)
Buildings 4,000
Plant and Equipment 480
Motor vehicles 120
Cash at Bank 100
Inventory (1 November 2010) 2,200
Administrative expenses 2,206
Distribution costs 650
Suspense 1,500
Retained earnings 360
Trade receivables 876
Purchases 4,200
Dividends paid 200
Sales revenue 11,752
Value added Tax (VAT) Payable 1,390
Trade payables 1,050
Share premium 500
Ordinary Shares of sh. 100 each 1,000
22,152 22,152
Additional information
1. Inventory as at 31st October 2011 was valued at sh. 1,600,000
2. Depreciation is to be provided as follows
Assets Rate per annum
Buildings 5 % on straight line
Plant and Equipment 20 % on reducing balance
Motor vehicles 25 % on reducing balance
Depreciation is to be charged to administration expenses
3. The directors do not propose payment of dividends
4. An allowance for bad debts of sh. 76,000 is to be made relating to a customer who was declared bankrupt. A further allowance for doubtful debts of 5 % is to be made with respect to the trade receivables as at 31st October 2011
5. The suspense account of sh. 1,500,000 relates to 10,000 new ordinary shares which were issued at par value of sh. 150 each on 1st October 2011
Required:
(a) Statement of comprehensive income for year ended 31st October 2011
(b) Statement of financial position as at 31st October 2011
Date posted: October 3, 2022. Answers (1)
- The estimates and expenditure details relating to the ministry of Youth and social services for the year
2010/2012 were as follows
Code Details
...(Solved)
The estimates and expenditure details relating to the ministry of Youth and social services for the year
2010/2012 were as follows
Code Details
Original estimates Actual expenditure
Sh. "millions" Sh. "millions"
010 Personal emoluments 288 324
050 House allowances 54 46.8
080 Passage and leave 18 16.2
115 Travelling expenses 79.2 82.8
140 Electricity and water 21.6 23.4
221 Purchase of Equipment 180 144
640 Appropriation-in-Aid 54 43.2
Supplementary estimates authorized during the year were as follows
010 Personal emoluments Sh. 28.8 million (increased)
115 Travelling expenses Sh. 7.2 million (reduced)
Required:
Appropriation account for the year ended 30June 2011, showing the net surplus to be surrendered to the exchequer
Date posted: October 3, 2022. Answers (1)