May 2017 Q4 a.

The Trial Balance was extracted from the books of Bokom Municipal Assembly (BMA) as at 31st December 2015.

Additional information:
i) Revenues are classified as follows: Rate, Land Revenue, Fees and Fines, Licenses, Rent income, investment income and Grants.
ii) The expenditure classification should comply with the harmonised Chart of Accounts.
iii) Consumption of fixed capital for the year is computed as GH¢260,000,000.

Required:
a) Prepare:          (Please show all workings clearly).                                                                                        (16 marks)
i) A Statement of Financial Performance for the year ended 31st December 2015; and

ii) A statement of Financial Position as at 31st December, 2015.