16.000 - Post Box no.54, P.C. no. 112, Commercial registration no. : 1/224698, Muscat, Telephone no.. 24494329 Fax no. 24494338. Mohammed Ali is the Deputy Executive Manager. He is the Principal Officer. He lives in Muscat and his ID no. is 11753978 and mobile number is 99654325. The trial balance of accounts for the year ended on 31st December, 2016 is provided below: Account Name Debit Credit Cash 177.936 Accounts Receivabic 99.116 Inventory 1.000 Property, plant and equipment (c) 10.000 Capital SONY Gain from disposing a car 2.000 Loss from diposing securities listed in MSM SINO Sales 450,000 Rental Revenue 15.000 Cost of services provided 13.500 Wages and Salaries (Employees) 25 200 Administrative cupene 18 450 Salaries Expenses (Partner) 6000 Depreciation Expenses 22.400 Sponsorship Expense 21.000 Donations IS ON Rent Expenses Contribution to Public Authority for Social Instance 2.8981 Adatfees SOK Vehicle Cost 17.500 Haddebes en 31.000 Tax consultancy Total 557.000 337.000 Additional Information: 1) Rent expense was paid to the landlord and both signed the rent contract and agreed to the contract terms. 3) OMR 15,000 was paid to a charitable team which is approved by the financial affairs and energy resources council. 3) Mohammed Ali and Ahmed Al Farsi are general partners Mohammed Ali is an independent Executive Manager while Ahmed is working on full time-basis. His salary in the contract is OMR 6,000 4. Bad debts of OMR 31,000 were uncollectible. However, one debtor has been bankrupted and he was due for OMR 6,500. They received a bankruptcy certificate form the court pertinent to this debtor 5) Company paid rent OMR 30000 for two villas: one villa costing OMR 20,000 for running their services and another one costing OMR 10,000 used as an accommodation their employees. The beginning balance of carrying value of plant and machines was OMR 54,000. Straight-line Method was used with depreciation rate of 25%. 7) Company paid sponsorship fees of OMR 21,000 including OMR 1000 for commission 2000 Assignment (BSAC 4117) Fall Semester, 2021 Page 1 of 3 Assignment: Use the information given below to fill in the following forms required by the Secretariat General of Taxation: Use the appropriate form 1- Registration form 2. Provisional return of income Form 3. Final return of income form Information: Mohammed Ali and Ahmed Al Farsi established their own Auditing office for auditing accounts and financial services on 1" January 2016. Both of them share the profit and loss. Their business is called "MA Auditing Services Co". Their professional license no. is 3291, issued by the Ministry of Commerce and Industry, Muscat, on 1 January, 2016 and its expiry date is on 15 January 2019. This license is temporary. It is for three years only but it is renewable. They registered their business at the Ministry of Commerce in Muscat on 7 March 2016. The capital written in the commercial registration was OMR 50,000. On 19 March 2016, they registered electronically at the Secretariat General for Taxation. However, they started their operation on 19 April 2016. Therefore, the first accounting period ended on 31" December 2016 The estimated taxable income cared during the first accounting period was OMR 275,000. He submitted the provisional return on 23 February 2017 while the final return was submitted on 1" April 2017. The auditing office is located in Ruwi, Muscat and its address is as follows: - Post Box no.54, PC, no. 112, Commercial registration no. : 1/224698, Muscat. Telephone no.: 24494329 Fax no. 24494338. Mohammed Ali is the Deputy Executive Manager. He is the Principal Officer. He lives in Muscat and his ID no. is 11753978 and mobile number is 99654325. The trial balance of accounts for the year ended on 31st December, 2016 is provided below: Account Name Cash Accounts Receivable Inventory Property, plant and equipment (net) Capital Gain from disposing a car Loss from disposing securities listed in MSM Sales Rental Revenue Cost of services provided Wages and Salaries (Employees Administrative expense Salaries (Partner) Innan Debit Credit 177,936 99.116 1.000 40.000 50,00 2.000 OOK 1150.00 15.000 13.500 25.200 184501 600 72 il 16.000 - Post Box no.54, P.C. no. 112, Commercial registration no. : 1/224698, Muscat, Telephone no.. 24494329 Fax no. 24494338. Mohammed Ali is the Deputy Executive Manager. He is the Principal Officer. He lives in Muscat and his ID no. is 11753978 and mobile number is 99654325. The trial balance of accounts for the year ended on 31st December, 2016 is provided below: Account Name Debit Credit Cash 177.936 Accounts Receivabic 99.116 Inventory 1.000 Property, plant and equipment (c) 10.000 Capital SONY Gain from disposing a car 2.000 Loss from diposing securities listed in MSM SINO Sales 450,000 Rental Revenue 15.000 Cost of services provided 13.500 Wages and Salaries (Employees) 25 200 Administrative cupene 18 450 Salaries Expenses (Partner) 6000 Depreciation Expenses 22.400 Sponsorship Expense 21.000 Donations IS ON Rent Expenses Contribution to Public Authority for Social Instance 2.8981 Adatfees SOK Vehicle Cost 17.500 Haddebes en 31.000 Tax consultancy Total 557.000 337.000 Additional Information: 1) Rent expense was paid to the landlord and both signed the rent contract and agreed to the contract terms. 3) OMR 15,000 was paid to a charitable team which is approved by the financial affairs and energy resources council. 3) Mohammed Ali and Ahmed Al Farsi are general partners Mohammed Ali is an independent Executive Manager while Ahmed is working on full time-basis. His salary in the contract is OMR 6,000 4. Bad debts of OMR 31,000 were uncollectible. However, one debtor has been bankrupted and he was due for OMR 6,500. They received a bankruptcy certificate form the court pertinent to this debtor 5) Company paid rent OMR 30000 for two villas: one villa costing OMR 20,000 for running their services and another one costing OMR 10,000 used as an accommodation their employees. The beginning balance of carrying value of plant and machines was OMR 54,000. Straight-line Method was used with depreciation rate of 25%. 7) Company paid sponsorship fees of OMR 21,000 including OMR 1000 for commission 2000 Assignment (BSAC 4117) Fall Semester, 2021 Page 1 of 3 Assignment: Use the information given below to fill in the following forms required by the Secretariat General of Taxation: Use the appropriate form 1- Registration form 2. Provisional return of income Form 3. Final return of income form Information: Mohammed Ali and Ahmed Al Farsi established their own Auditing office for auditing accounts and financial services on 1" January 2016. Both of them share the profit and loss. Their business is called "MA Auditing Services Co". Their professional license no. is 3291, issued by the Ministry of Commerce and Industry, Muscat, on 1 January, 2016 and its expiry date is on 15 January 2019. This license is temporary. It is for three years only but it is renewable. They registered their business at the Ministry of Commerce in Muscat on 7 March 2016. The capital written in the commercial registration was OMR 50,000. On 19 March 2016, they registered electronically at the Secretariat General for Taxation. However, they started their operation on 19 April 2016. Therefore, the first accounting period ended on 31" December 2016 The estimated taxable income cared during the first accounting period was OMR 275,000. He submitted the provisional return on 23 February 2017 while the final return was submitted on 1" April 2017. The auditing office is located in Ruwi, Muscat and its address is as follows: - Post Box no.54, PC, no. 112, Commercial registration no. : 1/224698, Muscat. Telephone no.: 24494329 Fax no. 24494338. Mohammed Ali is the Deputy Executive Manager. He is the Principal Officer. He lives in Muscat and his ID no. is 11753978 and mobile number is 99654325. The trial balance of accounts for the year ended on 31st December, 2016 is provided below: Account Name Cash Accounts Receivable Inventory Property, plant and equipment (net) Capital Gain from disposing a car Loss from disposing securities listed in MSM Sales Rental Revenue Cost of services provided Wages and Salaries (Employees Administrative expense Salaries (Partner) Innan Debit Credit 177,936 99.116 1.000 40.000 50,00 2.000 OOK 1150.00 15.000 13.500 25.200 184501 600 72 il