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Identify the accounts that will be debited and credited in the following transactions and identify the type of voucher 1-1-2020 Yasir started Universal Business Solutions
Identify the accounts that will be debited and credited in the following transactions and identify the type of voucher 1-1-2020 Yasir started Universal Business Solutions by bringing cash OMR 300,000 2-1-2020 Yasir paid OMR750 to purchase a computer with pre-loaded Tally 9. The computer does not have any disposal value at the end of its useful life of 4 years. All assets are to be depreciated using the straight-line method. 3-1-2020 Yasir opened a bank account (current account with checkbook facility) with HSBC Bank for the firm by depositing OMR100,000 4-1-2020 Yasir rented office space for OMR1,200 per month on January 4, 2020. An advance rent for one-year OMR 14,400 is paid by cheque (1010001) 5-1-2020 Yasir hired Mohammed as the Manager (Operations) on a monthly salary of OMR1,500 per month. He also hired Mr. Amjad as Assistant Manager (Marketing) on a monthly salary of OMR1,000 10-1-2020 Yasir arranged with Orchid Travelers to hire their vehicles for traveling purposes
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