From the following information you are required to prepare Statement of Activity and Statementof Net Assets1. Issued 100000 OMR long term bonds by the government department2. A state grants 200000 OMR is received for the restricted purpose3. During the fiscal year operations, revenue from tax was estimated 275000 OMR out ofwhich 75000 has been received4. Using State Grant city spend and paid 100000 OMR5. Transferred 10000 OMR to Debt Service Fund for payment towards interest of Bond.

Introduction: A statement of operations quantifies a nonprofit organization's earnings and…

From the following information you are required to prepare Statement of Activity and Statement of Net Assets 1. Issued 100000 OMR long term bonds by the government department A state grants 200000 OMR is received for the restricted purpose 2. 3. During the fiscal year operations, revenue from tax was estimated 275000 OMR out of which 75000 has been received 4. Using State Grant city spend and paid 100000 OMR 5. Transferred 10000 OMR to Debt Service Fund for payment towards interest of Bond.

From the following information you are required to prepare Statement of Activity and Statement of Net Assets 1. Issued 100000 OMR long term bonds by the government department A state grants 200000 OMR is received for the restricted purpose 2. 3. During the fiscal year operations, revenue from tax was estimated 275000 OMR out of which 75000 has been received 4. Using State Grant city spend and paid 100000 OMR 5. Transferred 10000 OMR to Debt Service Fund for payment towards interest of Bond.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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