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Q2. Mr. Omer Al Shukaili is the owner of Shukaili Building & Constructions LLC, located at Al Ruwaida, Al Buraimi, Oman. He also opened online
Q2. Mr. Omer Al Shukaili is the owner of Shukaili Building & Constructions LLC, located at Al Ruwaida, Al Buraimi, Oman. He also opened online support services at customersupport@shukailiBC.org.om in their official website: www.shukailiBC.org.om. He follows calendar year from 1st Apr, 2019 to 31st Mar 2020. Create the company and record the following transactions using appropriate Vouchers: (3 Marks + 7 Marks) Date Transaction 1st Apr, 2019 Omar invested RO 150,000 in his business. 2nd Apr, 2019 He approached Bank Nizwa to open a bank account to deposited RO 50,000 in it. 1st May, 2019 Omar purchased Construction Equipments worth RO 30,000 on credit from Ramiz Construction Materials. 2nd May, 2019 On the very next day, he returned defective Equipment worth RO 5,000 back to Ramiz Construction Materials. 31st May, 2019 Deposited cash into Bank Account worth RO 15,000. 1st Jun, 2019 Omar paid cheque worth RO 23,000 as full settlement to Ramiz Construction Materials. 2nd Jun, 2019 Omar purchases a Car worth RO 12,000 for his personal use and payment made through business cash.
Q2. Mr. Omer Al Shukaili is the owner of Shukaili Building & Constructions LLC, located at Al Ruwaida, Al Buraimi, Oman. He also opened online support services at customersupport@shukailiBC.org.om in their official website: www.shukailiBC.org.om. He follows calendar year from 1st Apr, 2019 to 31st Mar 2020. Create the company and record the following transactions using appropriate Vouchers: (3 Marks + 7 Marks)
Date
Transaction
1st Apr, 2019
Omar invested RO 150,000 in his business.
2nd Apr, 2019
He approached Bank Nizwa to open a bank account to deposited RO 50,000 in it.
1st May, 2019
Omar purchased Construction Equipments worth RO 30,000 on credit from Ramiz Construction Materials.
2nd May, 2019
On the very next day, he returned defective Equipment worth RO 5,000 back to Ramiz Construction Materials.
31st May, 2019
Deposited cash into Bank Account worth RO 15,000.
1st Jun, 2019
Omar paid cheque worth RO 23,000 as full settlement to Ramiz Construction Materials.
2nd Jun, 2019
Omar purchases a Car worth RO 12,000 for his personal use and payment made through business cash.
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