Question 1
ANSWER ALL QUESTIONS
The provisional estimate for 2022 (Republic of Ghana) shows a break down into;
Required;
GHS
Statutory Payment
20, 397,800
Discretionary Payment
30,452,655
50,850,455
Explain and give examples of each of the following terms;
a. Statutory Expenditure/payment
b. Discretionary Expenditure/payment
c. Mention five (5) of the expenditure categories under GIFMIS
d. What are the main control structures used to ensure that Government revenues are
properly utilized?
e. List three (3) main sources of revenue to the central government (Consolidated Fund).
Question 2
The information relates to the Department of Feeder Roads for the first month of 2021.
GHS
Jan 1: The warrant for a department for item 2 for the first quarter of 2021 was
120,000
Jan 3: LPO was issued for stationery costing
20,000
Jan 6: Service order was made for the repairs of air conditioners at
8,000
Jan 15: Cleaning contract was made with chief cleaners Ltd for
3,000
Jan 20: Eighty percent of the stationery was delivered at invoice of
17,000
Jan 30: Air conditioner was repaired at invoice of
7,500
Jan 31: Cleaning bill was same as agreed
Required:
Prepare a vote book for the department for the month of January 2021
