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use tally program Q4. Mr. Ibrahim Al Yaaqubi is the owner of Ibrahim Grocery Stores in Dhank. He usually closes his books on 31st December

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Q4. Mr. Ibrahim Al Yaaqubi is the owner of Ibrahim Grocery Stores in Dhank. He usually closes his books on 31st December every year. He provided following information about his company: Address: A1 Wazeer Street, Dhank, Sultanate of Oman. Telephone: 24365895 Fax: 24365895 Website: www.IbrahimStores.co.om Mr. Ibrahim started his grocery stores with an Investment of RO 60,000 and took a Loan of RO 75,000 from Oman Development Bank In the year 2019, he could able to achieve Credit Sales of RO 185,355 resulting Accounts Receivable of RO 55,455. Discount Allowed to customers worth 15,225 and Commission Paid to Sales Directors of RO 12,365. Ibrahim Purchased RO 126,550 worth of grocery items on short term credit from suppliers, where at the year end the Accounts Payables of RO 39,565 were left due. He constructed Grocery Stores Building with a cost of RO 87,945. He also purchased Transportation Vehicles for RO 35.450 before the start of his business. He paid Salaries worth RO 15,000 and Shop Maintenance Charges worth RO 2.500 for the year 2019. He is also Receiving a Rent of RO 500 per month for allowing Bank Muscat to keep their ATM in his grocery stores. At the end of the year he had Liquid Cash in his counter worth RO 15,430 You are required to create the company and prepare necessary ledger accounts using Tally EPR 9 from the above information: (3 Marks + 7 Marks)

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