Q5: Mr. Ahmed and Mr. Mohammed are working in same company and always help each other financially in case of need and emergency. Mr. Ahmed borrowed a sum of OMR 1,200 and paid back to Mohammed an amount of OMR 1536 after two years. Later Mr. Mohammed also borrowed a sum of OMR 1,500 and paid back to Ahmed an amount of OMR 1,830 after two years. a) What is the rate of interests charged by both and who charged more? b) If Bank Muscat is ready to give the same amount in the form of loan at 6% interest rate, analyze which interest rate is cheaper, Bank Muscat or rate charged by both? 1. Ms. Sara is appointed as the accountant of ABC LLC Muscat. She is responsible for all the accounting process of the company. The company deals with manufacturing of plastic products in Oman and distributing across GCC countries. The company has a turn over of 2.3 Million rial last year. You are required to identify the basic accounting activities that Ms. Sara must do to prepare financial statements. (1 Mark)