Shs Balance b/f                         15,000,000   Receipts for July                125,000,000 Payments; Salaries 65,000,000 Stores used in july 5,000,000 Stores to be used in august 700,000 Other costs 58,000,000 Other information: 1. Stores acquired but not yet paid for; Used in July 3,500,000 To be used in August 2,200,000 2. Stores ordered but not yet delivered; To be used in August 4,800,000 3. A market renderer was due to make a payment of Shs 26,000,000 during July but had not done so by the end of the month. Required; Work out for the Month of July 2014, the financial statements for Kampala city authority under the following bases Cash accounting Modified cash basis iii) Accrual basis accounting iv) Commitment accounting

Kampala city authority had the following entries in its cash book for

the month of July 2014.

Shs

Balance b/f                         15,000,000

Receipts for July                125,000,000

Payments;

Salaries 65,000,000

Stores used in july 5,000,000

Stores to be used in august 700,000

Other costs 58,000,000

Other information:

1. Stores acquired but not yet paid for;

Used in July 3,500,000

To be used in August 2,200,000

2. Stores ordered but not yet delivered;

To be used in August 4,800,000

3. A market renderer was due to make a payment of Shs 26,000,000

during July but had not done so by the end of the month.

Required;

Work out for the Month of July 2014, the financial statements for

Kampala city authority under the following bases

1. Cash accounting
2. Modified cash basis

iii) Accrual basis accounting

iv) Commitment accounting