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The following table shows the total revenues and expenditures during the budget period ended in 2019 (numbers in million): Additional Information: - There are maintenance
The following table shows the total revenues and expenditures during the budget period ended in 2019 (numbers in million): Additional Information: - There are maintenance contracts, which have been signed, with service companies, worth 60 million JD and have not been implemented yet. - The percentage of depreciation is 20% for buildings and 10% for Furniture. - The balance of treasury is 550 million at the beginning of 2019. Instructions: Based on the above information determine the values of the following items by applying the Cash Basis: 1- Total of revenues is: (1 Mark) A- 6700 B- 6650 C- 7270 D- None of the above 2- Balance of final account for the current period is: (1 Mark) A- 390 Surplus B- 210 Deficit C- 210 Surplus D- None of the above 3- Balance of Surplus/Deficit on 31/12/2019 is: (1 Mark) A- 340 Surplus B- 340 Deficit C- 440 Surplus D- None of the above 4- Balance of Treasury on 31/12/2019 is: (1 Mark) A- 440 B- 340 C- 180 The following table shows the total revenues and expenditures during the budget period ended in 2019 (numbers in million): Additional Information: - There are maintenance contracts, which have been signed, with service companies, worth 60 million JD and have not been implemented yet. - The percentage of depreciation is 20% for buildings and 10% for Furniture. - The balance of treasury is 550 million at the beginning of 2019. Instructions: Based on the above information determine the values of the following items by applying the Cash Basis: 1- Total of revenues is: (1 Mark) A- 6700 B- 6650 C- 7270 D- None of the above 2- Balance of final account for the current period is: (1 Mark) A- 390 Surplus B- 210 Deficit C- 210 Surplus D- None of the above 3- Balance of Surplus/Deficit on 31/12/2019 is: (1 Mark) A- 340 Surplus B- 340 Deficit C- 440 Surplus D- None of the above 4- Balance of Treasury on 31/12/2019 is: (1 Mark) A- 440 B- 340 C- 180
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