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Ministry of Tourism makes an appropriation of RO 450,000 for the development of tourist places. The financial transactions during the year, Salary paid to employees RO 50,000. An order is placed for purchasing some equipment for RO 200,000 The amount was transferred to debt service fund RO 6,000. Which one of the following is unreserved fund balance?  a. RO 206,000 b. RO 194,000 c. None of the options d. RO 450,000

Ministry of Tourism makes an appropriation of RO 450,000 for the development of tourist places. The financial transactions during the year, Salary paid to employees RO 50,000. An order is placed for purchasing some equipment for RO 200,000 The amount was transferred to debt service fund RO 6,000. Which one of the following is unreserved fund balance?  a. RO 206,000 b. RO 194,000 c. None of the options d. RO 450,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ministry of Tourism makes an appropriation of RO 450,000 for the development of tourist places. The financial transactions during the year,
  • Salary paid to employees RO 50,000.
  • An order is placed for purchasing some equipment for RO 200,000
  • The amount was transferred to debt service fund RO 6,000.
Which one of the following is unreserved fund balance? 
a.
RO 206,000
b.
RO 194,000
c.
None of the options
d.
RO 450,000
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