Question 4 Marks The Following Information Is Related To The Department Of Lands And Survey Its Bank Account Belongs 1 (133.91 KiB) Viewed 16 times
Question (4 Marks): The following information is related to the Department of Lands and Survey. Its bank account belongs to Invest Bank, Airport Street Branch-No: (2158900). - On 1/10/2019 the ministry of finance has financed this governmental unit with the amount of JD 100,000 by check and this amount is considered as a monthly allocation for October 2019. - On 2/10/2019 a cash payment of JD 200 was given to Mr. Maher to cover the regular expenditures of the unit. - On 7/10/2019 a committee was chosen to purchase an electric generate and JD 10,000 was given to Mr. Ahmad by check. 15/10/2019 it was determined that the cost of the generate is JD 8,700. - On 12/10/2019 the units signed an agreement with the contractor Islam to construct a reception hall with a total value of JD 5,000. 25% of the total value was given to Mr. Islam by check to start the work, as indicate by the agreement. - On 25/10/2019 Mr. Maher presented the following formal invoices which include (JD 35 transportation, JD 53 fuels and JD 25 maintenance) and the amount was paid cash. - On 28/10/2019 the reception hall was received and the remaining balance was paid to the contactor by check. Based on the above information answer the following questions: 1- The debit side of the transaction that was occurred on 1/10/2019 is: (1 Mark) A. JD 100,000 Ministry of Finance B. JD 100,000 Budget Allocations C. JD 100,000 Central Bank D. None of the above 2- The debit side of the transaction that was occurred on
and JD 25 maintenance) and the amount was paid cash. - On 28/10/2019 the reception hall was received and the remaining balance was paid to the contactor by check. Based on the above information answer the following questions: 1- The debit side of the transaction that was occurred on 1/10/2019 is: (1 Mark) A. JD 100,000 Ministry of Finance B. JD 100,000 Budget Allocations C. JD 100,000 Central Bank D. None of the above 2- The debit side of the transaction that was occurred on (15/10/2019) will include: (1 Mark) A- JD 10,000 Temporary advances. B-JD 8,700 capital expenditures C-JD 1,300 Temporary advances D- None of the above 3- The credit side of the transaction that was occurred on (12/10/2019) is: (1 Mark) A- JD 6,250 Special advances. B- JD 5,000 Temporary advances C-JD 1,250 Temporary Advance D- None of the above 4- The debit side of the transaction that was occurred on (25/1/2020) is: (1 Mark) A- JD 1,250 Special Advance B- JD 3,750 Capital Expenditures C-JD 5,000 Operating Expenditures D- None of the above
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