Mr. Shabir invested RO 25,000 in a new business to start a store in Sohar.

5 Purchased one building in the market for RO 10,000 and paid cash.

7 Purchased some furniture and decorative items for the shop for RO 5000 and promised to pay after three months.

8 Purchased goods for resale for RO 2,000 and paid cash.

9 Sold some goods for RO 500 and received cash at same time.

11 Purchase goods for resale for RO 2500 on credit

12 Sold some goods for RO 1800 n credit

20 Received RO 1000 from debtors/trade receivables

22 Paid RO 1000 to creditors/ trade payables

23 Received RO 200 from debtors/trade receivables

25 Paid electricity and telephone expense RO 200

27 Paid salaries of staff RO 200

28 Purchased a delivery van for transport for RO 3000 and paid only RO 500 and promised to pay balance after six months

Assignment Answer Sheet

Here I uploaded the answer sheet document you can download it and fill in the answers and reupload it in google drive and share the link

https://docs.google.com/document/d/1zhOp6iM2d7zXoHjlCLqXlhEd40jXpt2x/edit?usp=sharing&ouid=109129461984444829835&rtpof=true&sd=true

Rubric for assignment/ Output \begin{tabular}{||l|} \hline \hline \multicolumn{1}{||c|}{ Assessment Base (Item) } \\ \hline Journal \\ \hline ledger \\ \hline Trial balance \\ \hline Financial statement \\ \hline Find \\ \hline \end{tabular}