Question
From the information provided, prepare appropriations, encumbrances, expenditure and fund balance ledger for the year 2019 in excel sheet.(10 marks) Date Transactions OMR 2019 April
From the information provided, prepare appropriations, encumbrances, expenditure and fund balance ledger for the year 2019 in excel sheet.(10 marks)
Date | Transactions | OMR |
2019 April 1 | Appropriations via budget | 1,200,000 |
| Placed order for two machinery @ 25000 each |
|
April 10 | Order for supplies | 240,000 |
May 4 | As the oil prices down in the international market, government decided to cut down the budget appropriation by 10 % |
|
June 15 | 1/4th supplies received with voucher OMR 58,000 |
|
July 22 | 50% of the balance of the supplies received with voucher OMR 85,000 |
|
July 22 | Expected grant | 660,000 |
| Additional municipality property tax | 146,000 |
August 25 | General operating expenditure | 450,000 |
August 28 | One of the machinery ordered delivered with voucher |
|
September 10 | Balance of the supplies ordered cancelled |
|
September 15 | Expected grant reduced by | 150,000 |
September 20 | The price of the second machinery increased by OMR 5000 and agreed upon |
|
Oct. 12 | The second machinery was delivered with voucher |
|
Nov. 5 | Transferred to Debt Service Fund | 112,000 |
Nov. 10 | Account Payable for the services received from ISF | 60,000 |
Nov15 | Transferred to Fiduciary pension fund | 185,000 |
Dec. 12 | Received share of profits from State Enterprises (SEs) | 360,000 |
Dec. 25 | Contract signed to complete the computerization in the general office | 90,000 |
Dec. 28 | Salary and other employee benefits payable | 148,000 |
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