The government makes appropriations of RO 200,000 to Sohar School for the month of January 2019. During the month the following transactions occurred: Salary paid RO 50,000 Purchase orders were placed for office supplies RO 72,000 Office supplies were received with a voucher for RO 60,000 An amount of RO 25,000 was transferred to Debt service fund. The unreserved fund balance at the end of the period is:   a.   90,000   b. 150,000 c. 78,000 d. 65,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The government makes appropriations of RO 200,000 to Sohar School for the month of January 2019. During the month the following transactions occurred:

Salary paid RO 50,000

Purchase orders were placed for office supplies RO 72,000

Office supplies were received with a voucher for RO 60,000

An amount of RO 25,000 was transferred to Debt service fund.

The unreserved fund balance at the end of the period is:

 

a.

 

90,000


 

b.

150,000

c.

78,000

d.

65,000

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