Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Name Amount Capital A/C 70,000 Drawings A/C 5,000 Sales A/C 135,000 Office & Administrative Expenses A/CI 7,500 Commission Received A/C 4,500 Purchases A/C 105,000 Salaries

image text in transcribed
image text in transcribed
Name Amount Capital A/C 70,000 Drawings A/C 5,000 Sales A/C 135,000 Office & Administrative Expenses A/CI 7,500 Commission Received A/C 4,500 Purchases A/C 105,000 Salaries & Wages A/C 24,000 Return Outwards A/C 5,000 Return Inwards A/C 8,000 Liquid Cash A/C 8,500 Bank Loan A/C 65,000 Plant & Machinery A/C 80,000 Bank A/C 14,500 Goodwill A/C 27,000 (3+7=10 01. Create the company and ledger accounts from the following details: Marks) a) Company Name: Al Dhahirah Fertilizers LLC b) Address: PO Box 214, PC 562, Kawas Road, Ibri, Sultanate of Oman c) E-mail: support@aldhahirahfertilizers.co.om d) Website: www.aldhahirahfertilizers.co.om e) Financial Year: 19 April 2020 to 31" March 2021. Name Amount Capital A/C 70,000 Drawings A/C 5,000 Sales A/C 135,000 Office & Administrative Expenses A/C 7,5001 Commission Received A/C 4,5001 Purchases A/C 105,000 Salaries & Wages A/C 24,0001 Return Outwards A/C 5,000 Return Inwards A/C 8,000 Liquid Cash A/C 8,5001 Bank Loan A/C 65,000 Plant & Machinery A/C 80,000 Bank A/C 14,500 Goodwill A/C 27,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Study Guide To Accompany Financial Accounting In An Economic Context

Authors: Jamie Pratt

6th Edition

0471731110, 978-0471731115

More Books

Students also viewed these Accounting questions