Question No. 3 On 1/1/2011. the Health Ministry authorized the construction of a new building in Ibra Hospital expected to cost RO 1,000,000 the amount will be received from the government grant. The following transactions were occurred during the year. Planning and architect's fees are paid RO 40.000 A contract is awarded for RO 950.000 Construction is certified to be so%. complete and a bill for RO 475,000 is received from the contractor RO 450.000 cash paid to contractor Required: Prepare Statement or revenues, expenditures & changes in fund balancer Capital Project Fund of Health Ministry Reference Appropriations Encumbrancen Expenditure Fund Question No. 3 On 1/1/2011. the Health Ministry authorized the construction of a new building in Ibra Hospital expected to cost RO 1,000,000 the amount will be received from the government grant. The following transactions were occurred during the year. Planning and architect's fees are paid RO 40.000 A contract is awarded for RO 950.000 Construction is certified to be so%. complete and a bill for RO 475,000 is received from the contractor RO 450.000 cash paid to contractor Required: Prepare Statement or revenues, expenditures & changes in fund balancer Capital Project Fund of Health Ministry Reference Appropriations Encumbrancen Expenditure Fund