Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Computer application accounting tally ERp9 what is Dr and Cr and under which vouchers diisdcu Date Transaction 1-1-2020 Mr. Mohammed started AMT Engineering Consultants on

Computer application accounting tally ERp9
image text in transcribed
what is Dr and Cr
and under which vouchers
diisdcu Date Transaction 1-1-2020 Mr. Mohammed started AMT Engineering Consultants on 1st January 2020 by investing OMR 100,000. The firm is located in Muscat. dr cash 2-1-2020 Started a current account in HSBC by depositing OMR50,000 2-1-2020 Mr. Mohammed took office for rent. An advance of OMR12,000 is paid by issue of a bank cheque (Cheque No. 12132001) 2-1-2020 Purchased office furniture OMR5,000 on credit from Al Fahmy Furnitures. 3-1-2020 Bought office supplies for office OMR200 by paying cash. 4-1-2020 Recruited 2 office staff 5-1-2020 Took a loan from the bank (Bank Muscat) OMR25,000 6-1-2020 Bought a car from Saud Bahwan for OMR10,000. The amount is paid by the issue of a bank cheque (Cheque No. 12132002) Entered into a consultancy agreement with MGM Real Estate Company. An advance of OMR10,000 is received in advance. 10-1- Traveling expenses paid OMR100 7-1-2020 2020 12-1- 2020 Received OMR2,500 as consulting revenue from MM Projects. 15-1- 2020 Paid OMR2,000 as advance salary to staff. 20-1- 2020 Paid OMR500 towards insurance premium. The premium is paid for one year, starting from January 2020. Consulting revenue received OMR5,000 25-1- 2020 30-1- 2020 Bought computers for office OMR1,500 BE

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Process Principles Practice And Cases

Authors: Stuart Manson, Iain Gray, Louise Crawford

6th Edition

1408081709, 978-1408081709

More Books

Students also viewed these Accounting questions

Question

what is the root of 6 2 5 4

Answered: 1 week ago

Question

c. What steps can you take to help eliminate the stress?

Answered: 1 week ago