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The following financial transactions are related to a local government during the year. General property taxes 100,000, Proceeds of general bonds RO 50,000, Paid salary
The following financial transactions are related to a local government during the year.
- General property taxes 100,000,
- Proceeds of general bonds RO 50,000,
- Paid salary to government employees RO 200,000,
- Purchased the police vehicles RO 100,000.
Which one of the following amounts that a local government should report as expenditure in general funds?
a.
RO 150,000
b.
RO 200,000
c.
RO 300,000
d.
None of the options
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