Ibri Wilyat maintain Governmental Funds. The following information is available for the financial year ended 31/12/2020....
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Ibri Wilyat maintain Governmental Funds. The following information is available for the financial year ended 31/12/2020. On 1st Feb 2021 by using the special revenue fund Ibri wilayat constructed the Auditorium by spending OMR 10,000,000. It also transferred on 15th May 2021 OMR 500,000 to Debt Service Fund as the first payment towards the principal and interest of Development Bond which received from General fund on 1st April 2021.. Pass the necessary journal entry for this transaction in various funds and contemplate of funds. Ibri Wilyat maintain Governmental Funds. The following information is available for the financial year ended 31/12/2020. On 1st Feb 2021 by using the special revenue fund Ibri wilayat constructed the Auditorium by spending OMR 10,000,000. It also transferred on 15th May 2021 OMR 500,000 to Debt Service Fund as the first payment towards the principal and interest of Development Bond which received from General fund on 1st April 2021.. Pass the necessary journal entry for this transaction in various funds and contemplate of funds.
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Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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