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3. Identify the ledger accounts required to record the following transaction in Tally 9 Date Amount (in RO) 2018 Jan 1 Opening Balances : Buildings

3. Identify the ledger accounts required to record the following transaction in Tally 9 Date Amount (in RO) 2018 Jan 1 Opening Balances : Buildings Cash Machinery Al Anwar Trading LLC Al Mawarid Company Capital 40,000 25,000 30,000 15,000 (Dr) 20,000 (Cr) Deposited into Bank Purchased goods and paid by cheque Purchased goods from Musandam Marketing and Trading Co. and got 5% trade discount Brought additional capital into business Received from Al Anwar Trading LLC in full settlement by cheque Goods distributed as free samples Cash purchases Sold goods to Oman International Trading LLC and offered 7% trade discount Goods returned to Musandam Marketing and Trading Co. Goods taken by proprietor for personal use Paid Insurance premium Purchased Fumiture from Taghleef Industrial Company Sold goods to Tomoor Oman and offered 10% cash discount 15,000 5,000 10,000 Jan 2 Jan 31 Feb 1 25,000 14,500 Feb 2 Mar 1 2,000 3,500 12,000 Mar 2 Mar 31 Apr 1 500 Apr 2 May 1 May 2 May 31 June 1 1500 250 20,000 8,000 Received Commission Goods returned by Oman International Trading LLC Paid Musandam Marketing and Trading Co. by cheque Received from Oman International Trading LLC Cash taken by proprietor for personal use Sold machinery worth of RO 3500 for RO 2800 Withdrew from bank Paid Musandam Marketing and Trading Co. in full 750 600 6,000 4,500 2,000 June 2 July 1 July 2 July 31 Aug 1 Aug 2 Aug 31 Sep 1 2,500 2,700 settlement 5,800 Sep 2 Received from Oman International Trading LLC in full settlement 3,000 Oct 1 Oct 2 Paid salaries and Wages through bank transfer Paid the amount due to Al Mawarid Company

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