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Record the entry for the expenditure at notification date

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On Hamle 1,2003 MOFED notify the release of br.285,000.00 budgets to your organization as working capital. Your organization will receive one bank advice at end of each day from bank for daily transfer credited your bank account for check payment.

On the other day, your organization issued a check of br.150, 000.00 supplies, br.100, and 00.00 for purchase of stationary, br. 35,000.00 for purchase of tiers.

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Question 1: Record the entry for the expenditure at notification date and check issuing day. Record the transfer up on the receipt of the bank credit advice

Reference no: EM132594055

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