Question
Given below are the transactions related to Omar Enterprises for the month of March 2015. Date Transactions OMR March 2015, 1 Mr. Omar is the
Given below are the transactions related to Omar Enterprises for the month of March 2015.
Date | Transactions | OMR |
March 2015, 1 | Mr. Omar is the proprietor started business with (i) cash 150,000 and (ii) Machinery 50,000 | |
3 | Purchased Building for OMR 80,000 and paid OMR 50,000 in cash and remaining amount to be paid in the near future | |
| Borrow money from Bank Muscat | 20,000 |
5 | Purchased goods for cash | 34,000 |
6 | Purchased a computer for office purposes | 1,200 |
7 | Cash Sales | 16,000 |
8 | Paid electricity expenses | 400 |
9 | Purchased stationery for office use | 320 |
10 | Purchased goods from XYZ Limited | 40,000 |
11 | Sold goods on credit from ABC LLC Saham | 40,000 |
12 | Paid telephone charge | 800 |
14 | Paid the remaining OMR 30,000 for the building bought on 3rd March | |
15 | Paid rent | 1,200 |
17 | Commission received | 2,400 |
22 | Sold goods to Mr. Ali Ibrahim for Cash | 24,000 |
25 | Paid Salary to Employees | 2,400 |
26 | Mr. Omar withdraw cash for personal use | 2,000 |
REQUIRED
- Journal entries
- Ledgers
- Trial Balance
- Income statement
- Balance Sheet
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