Q1. What is the purpose of a Journal and a
Ledger? (1M)
Q2. The following are account balances (in
thousands) of International Medical Service Center. Prepare a
statement of operations for the year ended December 31, 2018
(4M)
Net property and equipment
SAR 2,000
Accounts receivable
SAR2,000
Medical claims payable
SAR45,000
Patient service revenue (net of contractuals)
SAR 950,000
Supply expense
SAR 255,000
Net assets released from restriction for operations
SAR 45, 000
Depreciation expense
SAR 35,000
Transfer to parent...