From the following information you are required to prepare Statement of revenues, expenditure and changes in fund balances, other financing sources and statement of net assets 1. During the fiscal year operations, revenue from tax was estimated RO 375000 out of which 75000 has not been received 2. A state grants RO 250000 is received for the restricted purpose 3. Issued RO 150000 long term bonds by the government department 4. Expenditure on service for general fund RO 15000 Received supplies for RO 10000 out of which 6000 has been paid immediately in general fund 5.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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From the following information you are required to prepare Statement of revenues,
expenditure and changes in fund balances, other financing sources and statement of net
assets
1. During the fiscal year operations, revenue from tax was estimated RO 375000 out of
which 75000 has not been received
2. A state grants RO 250000 is received for the restricted purpose
3. Issued RO 150000 long term bonds by the government department
4. Expenditure on service for general fund RO 15000
Received supplies for RO 10000 out of which 6000 has been paid immediately in
5.
general fund
Transcribed Image Text:From the following information you are required to prepare Statement of revenues, expenditure and changes in fund balances, other financing sources and statement of net assets 1. During the fiscal year operations, revenue from tax was estimated RO 375000 out of which 75000 has not been received 2. A state grants RO 250000 is received for the restricted purpose 3. Issued RO 150000 long term bonds by the government department 4. Expenditure on service for general fund RO 15000 Received supplies for RO 10000 out of which 6000 has been paid immediately in 5. general fund
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