Q1-

Land OMR 5,000

Bank Loan OMR 3,000

Rent Paid OMR 350

Stock OMR 1,200

Debtors OMR 500

Creditors OMR 400

Interest earned OMR 100

Machine OMR 2,000

Commission received OMR 800

Salary payable OMR 600

Under the chapter of elements of financial statements, classify the above information and select the correct value of the elements

Q2:

Mazoon Golden LLC. is into manufacturing of gold jewelry. Mr. Roy is the branch head, he has four team members Samir, Asif, Ajay and Tom. The branch the petty cash fund is handled by Mr. Ajay who spends for each small expenses of the branch. It was noticed that every month Ajay makes some personal expenses and was recording those expense as business expenses. Tom who works in the same department is aware about Ajays practice, but due to his good relation with Ajay he is not reporting this to the branch head.

As, the team is doing good work the business is growing and giving goods profit to the company, Samir who is the senior most employee, it is notice that Samir is leaking business related information to her brother who is having a similar business. This was notice by the branch head, which lead to the termination of Samirs job. Further, to fill the place of Samir the company recruited a new staff Mr. Ali. The company handed over the responsibility to Asif and Tom to train Mr. Ali about work process as he is new to the department. Ali is receiving good support from Asif, but Tom do not guide Ali with proper information. After the training Ali started his work, but due to some pressure from his seniors he is involved in illegal transactions, which in turn has caused some financial losses to the company.

From the above case of Mazoon Gold House LLC, you are required to answer the following question given below:

a- Which of the following employee has come under intimidation threat?

b- Which of the following employee has breached the fundamental principles of ethics?

c- Which of the two employees have come under familiarity threat?