FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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 200,000 Transferred to Debt Service Fund RO 50,000 Prepare Appropriation, Encumbrances, Expenditure and Fund balances ledger for the month of January, 2012.
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Transcribed Image Text: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 200,000 Transferred to Debt Service Fund RO 50,000 Prepare Appropriation, Encumbrances, Expenditure and Fund balances ledger for the month of January, 2012.
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Step 2: Appropriation Account, Encumbrances
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Step 3: Expenditure and Fund balances ledger
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