Question
1. Company E made sales of SAR 600,000 and will receive the cash after one month. What will be the accounting entry on day of
1. Company E made sales of SAR 600,000 and will receive the cash after one month. What will be the accounting entry on day of sales? Also mention the accounting entry when Company E receives the funds from customer.
2. Best Drilling Company obtains long-term loan of SAR 5 million which is payable after 5 years. What will be the accounting entry on day of obtaining the loan?
3. Company B purchases Building for SAR 5 Million. What will be the accounting entry?
4. Company B pays rent for Sept 2022 of SAR 50,000. The rent is paid through SABB Bank. What will be the accounting entry?
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101 Recipes For Audit In Psychiatry
Authors: Clare Oakley, Floriana Coccia, Neil Masson, Iain McKinnon, Meinou Simmons
1st Edition
1908020016, 978-1908020017
