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The following financial information extracted from the books of local government during the year. General property taxes 200,000, Proceeds of general bonds RO 15,000, Paid

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The following financial information extracted from the books of local government during the year. General property taxes 200,000, Proceeds of general bonds RO 15,000, Paid salary to government employees RO 5,000. The excess of revenue over expenditure in the general fund is O a. RO 200,000 O b. RO 180,000 O c. None of the options O d. RO 195,000 The Sohar township collects RO 10 million of the sales taxes on behalf of the government. Of this amount, it remits the full amount to the government. The amount of revenue that the Sohar township should report is O a. RO 1 million . O b. None of the options O c. RO 10 million O d. RO 5 million

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