Question
Journal entry for the following transaction for generating Accounts Payable on delivery of ordered supplies in encumbrance accounting: Delivered supplies ordered, amounted to OMR 24,000
Journal entry for the following transaction for generating Accounts Payable on delivery of ordered supplies in encumbrance accounting: Delivered supplies ordered, amounted to OMR 24,000 along with the voucher
a.
Dr. Bank 24,000 and Cr. Accounts Payable 24,000
b.
Dr. Bank 24,000 and Cr. Expenditure 24,000
c.
None of these
d.
Dr. Expenditure 24,000 and Cr. Accounts Payable 24,000
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Uniform Administrative Requirements Cost Principles And Audit Requirements For Federal Awards A Handbook For Institutions Of Higher Education And State And Local Governments
Authors: Andrew Shepard-Smith
1st Edition
1505298482, 978-1505298482
