Question 4: a) Prepare the unadjusted trial balance at January 31, 2019 for Al Shukaili HR Service business (6 Marks) b) Imagine,Mr.Shukaili father comes to his office and ask the staff to send one parcel to his friends address who lives in dubai, Do you think the staff need to record this transaction in the books of accounts, If no, justify your answer. If yes, discuss why this transaction is to be accounted for when the business belongs to the proprietor ie his son? And in what manner this transaction is to be recorded. If no, What impact it would have on the first month of profit for Shukailis courier service business. (4 Marks, Word Limit 40-70) Question 5: At the start of the year 2018, E&T a partnership construction firm based in Niswa, has made all the arrangements to give a bulk purchase order to their major supplier Al Bader & Traders an LLC company based in Duqam, in order to start a new construction project immediately for a new client. On 10 January 2018 E&T partnership firm purchased goods for credit) materials worth OR.200.000 from Al Bader &Traders LLC and E&T firm agreed to pay the full amount after 3 months i.e., on 11th April 2018, From the above scenario, you need to consider the following Two situations. Situation-1 You are recently joined in AL Bader LLC as a junior accountant, and the accounts manager has asked you to do the following tasks. Note: Al Bader & Traders LLC is following cash basis of accounting. a) When you need to identify and record the above transaction in the books of accounts, also discuss briefly about how cash basis of accounting is used for revenue recognition. (2.5 marks Word Limit 50-80)) b) Do you think, the credit sale transaction of Al Bader & Traders LLC initially leads to increase the account payable of the business? Yes/No comment briefly on your answer. (1 marks Word Limit 30-40)) c) Identify and discuss briefly about the source document, you need to refer before identifying and recording the above credit sale transaction in the books of accounts (1.5 mark Word c) Identify and discuss briefly about the source document, you need to refer before identifying and recording the above credit sale transaction in the books of accounts. (1.5 mark Word Limit 40-60) Situation-2 You are currently doing your OJT(On the job Training) in E & T partnership firms accounts department, towards the end of training the head of accounts has asked you to answer the following. Note: E & T firm is following Accrual basis of accounting, a) When the accountant at E & T firm need to identify and record the above transaction in the books of accounts, also discuss briefly about how accrual basis of accounting is used for recording the transaction. (2.5 marks Word Limit 50-80) b) Do you think, the credit purchase transaction of E & T firm initially leads to increase the account receivable of the business? Yes/No justify your answer. (1 mark Word Limit 30-40) c) Would you consider E&T partnership firm's liability as limited or unlimited? Justify on your answer. Also discuss the difference between limited and unlimited liability in the context of above scenario. (1.5 marks Word Limit 40-60))