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
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
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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