Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Draw a ( Ledgers ) for all transactions please. 5 900 ASSIGNMENT PRINCIPLES OF ACCOUNTING (BAAC 1102) Given below are the transactions related to Hilal
Draw a ( Ledgers ) for all transactions please.
5 900 ASSIGNMENT PRINCIPLES OF ACCOUNTING (BAAC 1102) Given below are the transactions related to Hilal Enterprises for the month of April 2016. Date Transactions OMR April 2016, Mr. Hilal is the proprietor started business with (1) cash 200,000 1 and (ii) Machinery 100,000 3 Purchased Building for OMR 60,000 and paid OMR 40,000 in cash and remaining amount to be paid soon Purchased goods for cash 15000 6 Purchased furniture for office purposes for cash Sold goods for cash 12000 Paid Electricity bill expenses Purchased stationery for office use 240 10 Purchased goods from Al Jabal Limited 30000 11 Sold goods on credit from Abbas LLC, Sohar 30000 12 Paid telephone bill 6001 Paid the remaining OMR 20,000 for the building bought on 3 April 15 Paid Water bill 900 17 Interest received 1800 22 Sold goods to Mr. Khalid for Cash 210001 25 Paid Salary to Employees Mr. Hilal withdraw cash for personal use 7 8 300 9 14 1800 1500 26 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started