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Prepare a statement of revenue

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Reference no: EM131117627

From the following data, prepare a statement of revenue for the year ended 30th June 19X7.

Estimated Revenue Actual Receipts

Renting building and equipment K£850,000 K£870,000

Fee for trading licenses K£430,000 K£400,000

Fees for import/export licenses K£470,000 K£480,000

Other receipts K£235,000 K£210,000

The following additional details are available: -

(i) Balance on hand on 30th June 19X6 K£247,000

(ii) Balance on hand on 30th June 19X7 K£160,000

Reference no: EM131117627

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