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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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