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Journal entry required in encumbrance accounting for the following transaction for generating Accounts Payable on delivery of ordered supplies Ordered supplies delivered/received OMR 25,000 along
Journal entry required in encumbrance accounting for the following transaction for generating Accounts Payable on delivery of ordered supplies Ordered supplies delivered/received OMR 25,000 along with the voucher.
a.
Dr. Account Payable 25,000 and Cr. Encumbrance 25,000
b.
Dr. Bank 25,000 and Cr. Accounts payable 25,000
c.
Dr. Expenditure 25,000 and Cr. Accounts Payable 25,000
d.
None of these
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