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please slove this question please Part A Discuss the retirement benefits offered by government for employees in detail. Explain in which category of funds are
please slove this question please
Part A Discuss the retirement benefits offered by government for employees in detail. Explain in which category of funds are these benefits accounted for and why? Part B 1. Prepare Appropriations. Encumbrances, Expenditure and Fund Balance Ledger from the following information Jan 1 Jan 10 Feb 1 March 1 March 15 April Ministry of Finance made an appropriation of OMRIS00,000 to College of Medicine. The College issued a purchase order, for medical supplies (OMRX0,000) and two latest machineries for the Surgical department (OMR 150.000 cach) General operating expenditure incurred and paid OMR15.000 The college received 40% of the supplies along with a voucher of OMR30,000. The supplier delivery one machinery along with a voucher OMR150,000 The college entered into a contract with MHD Consulting for constructing a recreational center in the college. An amount of OMR500.000 is allocated towards the contract. The work is expected to be completed by the end of the year. Construction is certified to complete 10% and the contractor has submited a voucher for OMR50,000. Payment is made based on the voucher 50% of the supplies ordered on January 10 was received. The voucher stated the amount OMR 40.000. Payment is immediately processed The supplier of the machinery informed their inability to supply the second machinery. Hence the contract is cancelled. Operating expenditure paid OMR 80,000 May 10 June 1 July 10 August Step by Step Solution
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