1.In the above case the disbursement is recorded on?
2. Suppose the order made on 1st January is cancelled later on 10th January, which among the following will be the correct accounting treatment?
3.Which among the following journal entries are passed at the time of ordering goods?
4. Which among the following journal entries are recorded to cancel encumbrance made earlier?
5.Which among the following journal entries relate to recording of expenditure for water pump on 30th January, 2019?
6. Which among the following journal entries relate to recording of expenditure for water pump on 30th January, 2019?
7. Which among the following journal entry is passed for recording settlement of payment to vendor on 7th February, 2019?
CASE STUDY 3: Wiam water supply services orders a water pump and expects the delivery in 30 days. The order was placed in 1st January, 2019 with an estimated cost of RO 8000. The water pump was delivered on time by the supplier on 30th January, 2019 with a voucher of RO 8,100. The voucher was approved on 6th February 2019 and the payment was settled on 7th February, 2019. Based on the above case, answer the following six questions (Questions 45-50) CASE STUDY 3: Wiam water supply services orders a water pump and expects the delivery in 30 days. The order was placed in 1st January, 2019 with an estimated cost of RO 8000. The water pump was delivered on time by the supplier on 30th January, 2019 with a voucher of RO 8,100. The voucher was approved on 6th February 2019 and the payment was settled on 7th February, 2019. Based on the above case, answer the following six questions (Questions 45-50) In the above case the disbursement is recorded on: a. 6th February, 2019 O b. 1st July, 2019 O c. 7th February, 2019 O d. 30th January, 2019 Suppose the order made on 1st January is cancelled later on 10th January, which among the following will be the correct accounting treatment? O a. There will be no effect on the encumbrance control account O b. The encumbrance made earlier is reversed. . c. The available fund balance will be shown as reduced by estimated amount of the order O d. A fresh encumbrance is made again on 10th January Which among the following journal entries are passed at the time of ordering goods? a. Budgetary fund balance for encumbrances (Debit) 8,000 Encumbrances control (Credit) 8,000 8,000 Encumbrances control (Debit) Vouchers payable (Credit) 8,000 C. Budgetary fund balance for encumbrances (Debit) 8,000 Vouchers payable (Credit) 8,000 O d. Encumbrances control (Debit) 8,000 Budgetary fund balance for encumbrances (Credit) 8,000 Which among the following journal entries are recorded to cancel encumbrance made earlier? a. Encumbrances control (Debit) 8,100 Vouchers payable (Credit) 8,100 b. Encumbrances control (Debit) 8,000 Budgetary fund balance for encumbrances (Credit) 8,000 C. Budgetary fund balance for encumbrances (Debit) 8,000 Encumbrances control (Credit) 8,000 d. Budgetary fund balance for encumbrances (Debit) 8,100 Encumbrances control (Credit) 8,100 Which among the following journal entries relate to recording of expenditure for water pump on 30th January, 2019? 8,100 Expenditure control (Debit) Vouchers payable (Credit) 8,100 Expenditure control (Debit) 8,000 Cash (Credit) 8,000 Expenditure control (Debit) 8,100 Cash (Credit) 8,100 8,000 Expenditure control (Debit) Vouchers payable (Credit) 8,000 Which among the following journal entry is passed for recording settlement of payment to vendor on 7th February, 2019 a. Vouchers payable (Debit) 8,000 Bank (Credit) 8,000 8,100 O b. Vendor (Debit) Bank (Credit) 8,100 C. Vouchers payable (Debit) 8,100 Bank (Credit) 8,100 8,000 o d. Vendor (Debit) Bank (Credit) 8,000
