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Ministry of heritage had received a voucher from ministry of defense for RO 5,250. So, ministry has decided to pay half of the voucher now
Ministry of heritage had received a voucher from ministry of defense for RO 5,250. So, ministry has decided to pay half of the voucher now and the remaining amount will be paid next month. The journal entry to record this transaction is as __________________.
a.
Cash/Bank 5250 Voucher Payable 5250
b.
None of the options
c.
Expenditure 5250 Cash 2625 Voucher Payable 2625
d.
Voucher Payable 5250 Cash 5250
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