Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question three: (20 marks) Write the accounting entries according to what is required for each of the following cases 1- On 2/3/2019, the Ministry of

Question three: (20 marks) Write the accounting entries according to what is required for each of the following cases

1- On 2/3/2019, the Ministry of Health received a grant in the amount of 1,000,000 from the World Health Organization to establish a hospital, the cost of the project amounted to an amount of 900,000 on 2/9/2019, the project was completed and the donor requested the difference, noting that the Ministry of Health is the cash basis

What is required is to write the entries on the specified dates

2- The balance of the general revenue account, amounting to 10,000,000, has been transferred to the general treasury, and the Central Bank has been notified of that

What is required is to write the entries in the records of the general revenue department and in the records of the treasury department

3- On 3/29/2020, the money bought - the Ministry of Agriculture bought a car for 25,000, and on 10/31 it sold the car for 20,000 dinars.

It is required to record the records of the previous operation in the books of the allocated funds (-Ministry of Agriculture) and in the books of the fixed assets group

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Audit Scams A Threat To Corporate Governance

Authors: Sachi Kheskani

1st Edition

3659490148, 978-3659490149

More Books

Students also viewed these Accounting questions

Question

Write a paper on Self Efficacy.

Answered: 1 week ago

Question

What is the best interest for Jared? His family? His career?

Answered: 1 week ago