The government makes appropriations of RO 200,000 to Sohar School for the month of January 2019. During the month the following transactions occurred: Salary paid RO 50,000 Purchase orders were placed for office supplies RO 72,000 Office supplies were received with a voucher for RO 60,000 An amount of RO 25,000 was transferred to Debt service fund. The unreserved fund balance at the end of the period is: a. 90,000 b. 150,000 c. 78,000 d. 65,000
The government makes appropriations of RO 200,000 to Sohar School for the month of January 2019. During the month the following transactions occurred: Salary paid RO 50,000 Purchase orders were placed for office supplies RO 72,000 Office supplies were received with a voucher for RO 60,000 An amount of RO 25,000 was transferred to Debt service fund. The unreserved fund balance at the end of the period is: a. 90,000 b. 150,000 c. 78,000 d. 65,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The government makes appropriations of RO 200,000 to Sohar School for the month of January 2019. During the month the following transactions occurred:
Salary paid RO 50,000
Purchase orders were placed for office supplies RO 72,000
Office supplies were received with a voucher for RO 60,000
An amount of RO 25,000 was transferred to Debt service fund.
The unreserved fund balance at the end of the period is:
a.
90,000
b.
150,000
c.
78,000
d.
65,000
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