Question
As of December 31, 2018 Town of Nizwa had following trial balance available for the year ended 31, 2018 (in OMR) Items Debit Credit Revenue-Property
As of December 31, 2018 Town of Nizwa had following trial balance available for the year ended 31, 2018 (in OMR) Items Debit Credit Revenue-Property Taxes 1,020,00 0
Bond Interest 416,250 Bond Principal 1,000,00 0
Other Financing Sources-Inter-fund transfer in
416,250
Cash 528,000 Tax Receivable- Delinquent 1,000 Fund Balance- January 1, 2018 509,000
Total 1,945,25 0 1,945,25 0
Required a. Prepare the December 31, 2018, statement of revenues, expenditures, and changes in fund balance. (5 marks) b. Prepare a balance sheet for the Street Improvement Fund as of December 31, 2018. (2 marks)
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Accounting For Governmental And Nonprofit Entities
Authors: Jacqueline Reck, Suzanne Lowensohn, Daniel Neely
19th Edition
1260118851, 9781260118858
