Government makes appropriations RO 700,000 to Muscat School for the month of January, 2012. The following...

 

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Government makes appropriations RO 700,000 to Muscat School for the month of January, 2012. The following transactions were occurred during the month. Salary paid RO 410,000 > Purchase order were issue for supplies RO 210,000 Ordered supplies were received with a voucher for RO 200,00o Transferred to Debt Service Fund RO 50,000 Prepare Appropriation, Encumbrances, Expenditure and Fund balances ledger for the month of January, 2012. Government makes appropriations RO 700,000 to Muscat School for the month of January, 2012. The following transactions were occurred during the month. Salary paid RO 410,000 > Purchase order were issue for supplies RO 210,000 Ordered supplies were received with a voucher for RO 200,00o Transferred to Debt Service Fund RO 50,000 Prepare Appropriation, Encumbrances, Expenditure and Fund balances ledger for the month of January, 2012.

Answer rating: 100% (QA)

Dr Cr Appropriation AC RO700000 Budgetary fund balance reserve for Appropriation AC RO 70000... View the full answer