4. On 15th April, 2019, Said Al Busaidi needs to prepare the final return of Al Noor LLC for the year ended on 31st Dec. 2018 to SGT as he is the principal officer. He is one of partners. He lives in Qurum, Muscat. His mobile no. is 98840888 and his ID no. is 11787855. Al Noor LLC'S address is: P.O.Box: 1094, Postal Code: 126, Qurum, Muscat, telephone no. is 24433221. It is carrying on AUDITING SERVICES. It has been registered on 1st January, 2013 in Muscat and its c.R.No. is 1/33456/6. The accounting period starts on 1st January and ends on 31st December every year. The trial balance for the accounting period is as following: Credit Debit 100,000 547,000 1,848,000 1,300.000 1,600,000 80,000 40,000 Accounts Cash Accounts Receivable Inventory Property, plant and equipment (net) Capital Gain from selling machine Gain from disposing securities listed in MSM Sales Rental Revenue Cost of Goods Sold Administrative expense Salaries payable (Owner) Depreciation Expenses Donations Bad debts expense Tax consultancy 2,600,000 500,000 150,000 100.000 432,000 75000 60,000 158,000 50.000 4,820,000 Total 4,820,000 Additional information:- Donations of OMR 60,000 have been made which is not approved by Financial Affairs and Energy Resources Council Business Administration Program Final Assessment Semester Spring 2020 Page 3 Depreciation of OMR 75000 (1000,000* 7.5%) was accounted for Tractors and Heavy vehicles 4. Daniel, a self-employed plumber, received the following income in 2018/2019: Building society interest 3,700 Dividends from a UK company 4,500 He paid allowable interest of 2,000 on 17 May 2018/2019. 4. On 15th April, 2019, Said Al Busaidi needs to prepare the final return of Al Noor LLC for the year ended on 31st Dec. 2018 to SGT as he is the principal officer. He is one of partners. He lives in Qurum, Muscat. His mobile no. is 98840888 and his ID no. is 11787855. Al Noor LLC'S address is: P.O.Box: 1094, Postal Code: 126, Qurum, Muscat, telephone no. is 24433221. It is carrying on AUDITING SERVICES. It has been registered on 1st January, 2013 in Muscat and its c.R.No. is 1/33456/6. The accounting period starts on 1st January and ends on 31st December every year. The trial balance for the accounting period is as following: Credit Debit 100,000 547,000 1,848,000 1,300.000 1,600,000 80,000 40,000 Accounts Cash Accounts Receivable Inventory Property, plant and equipment (net) Capital Gain from selling machine Gain from disposing securities listed in MSM Sales Rental Revenue Cost of Goods Sold Administrative expense Salaries payable (Owner) Depreciation Expenses Donations Bad debts expense Tax consultancy 2,600,000 500,000 150,000 100.000 432,000 75000 60,000 158,000 50.000 4,820,000 Total 4,820,000 Additional information:- Donations of OMR 60,000 have been made which is not approved by Financial Affairs and Energy Resources Council Business Administration Program Final Assessment Semester Spring 2020 Page 3 Depreciation of OMR 75000 (1000,000* 7.5%) was accounted for Tractors and Heavy vehicles 4. Daniel, a self-employed plumber, received the following income in 2018/2019: Building society interest 3,700 Dividends from a UK company 4,500 He paid allowable interest of 2,000 on 17 May 2018/2019
