AFPSCS Problems 3

I. The education Bureau of Amara has the following transaction for its general fund of
the year 2012.
1. The estimated source of finance from general fund of the region was 47,000,000. And
the appropriation for the year was 46,700,000.
2. Received a transaction a transfer of 3, 000,000 from the general fund of the region.
3. Issued a purchase order for the supplying costing 3,000,000 to the selected supplier.
4. Paid salary 6,000,000.
5. Issued a purchase order for books to be printed costing 3, 000,000 to Mega Printing
Corporation.
6. Paid the maintenance cost of cars to X-Garage, a private organization 2,000,000.
7. Received a supplies order at a cost of 3,001,000.
8. Sign an agreement with Bahirdar University to train teachers at a cost of 5,600,000.
9. Received the books ordered at the same price and paid transportation cost of 400,000.
10. Received bills for utilities of 100,000.
11. Paid the amount due to Mega Printing press.
12. Received cash of 1,600,000 from sales of an old car.
13. Received an transfer from the general fund of the region 400,000.
Required
A, Record the above transaction
B, Post the appropriate e entries to the combined ledger of Encumbrance,
Expenditure and appropriations.
C, Prepare an Interim Financial statement for the semi-annual.

II. What does IPSAS 27 prescribe?