Answered step by step
Verified Expert Solution
Question
1 Approved Answer
how to posting it in the ledger accounts Apr 1 3. Identify the ledger accounts required to record the following transaction in Tally 9 Date
how to posting it in the ledger accounts
Apr 1 3. Identify the ledger accounts required to record the following transaction in Tally 9 Date Amount (in RO) 2018 Jan 1 Opening Balances: Buildings 10,000 Cash 25.000 Machinery 30,000 Al Anwar Trading LLC 15.000 (Dr) Al Mawarid Company 20,000 (CD) Capital 2 Jan 2 Deposited into Bank 15,000 Jan 31 Purchased goods and paid by cheque 5.000 Feb 1 Purchased goods from Musandam Marketing and Trading 10.000 Co. and got 5% trade discount Feb 2 Brought additional capital into business 25.000 Mar 1 Received from Al Anwar Trading LLC in full settlement 14.500 by cheque Mar 2 Goods distributed as free samples 2,000 Mar 31 Cash purchases 3.500 Sold goods to Oman International Trading LLC and 12.000 offered 7% trade discount Goods returned to Musandam Marketing and Trading Co. 500 May 1 Goods taken by proprietor for personal use 1500 May 2 Paid Insurance premium 250 May 31 Purchased Furniture from Taghleef Industrial Company 20,000 June 1 Sold goods to Tomoor Oman and offered 10% cash 8.000 discount June 2 Received Commission 750 July 1 Goods returned by Oman International Trading LLC 600 July 2 Paid Musandam Marketing and Trading Co. by cheque 6,000 July 31 Received from Oman International Trading LLC 4,500 Aug 1 Cash taken by proprietor for personal use 2.000 Aug 2 Sold machinery worth of RO 3500 for RO 2800 Aug 31 Withdrew from bank 2.500 Paid Musandam Marketing and Trading Co. in full 2,700 settlement Received from Oman International Trading LLC in full 5,800 settlement Oct 1 Paid salaries and Wages through bank transfer 3,000 Oct 2 Paid the amount due to Al Mawarid Company Apr 2 Sep 1 Sep 2 3Step 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