Date Transaction 1.1.2020 Mr. Salim Ahmed started business as Ahmed Enterprise with OMR 70000 cash and Furniture valued at RO. 30000 as capital 15. 2. 20 Opened Bank Account and deposited 45000 OMR Cash 29.3.20 Purchased goods from Sharuk Traders for OMR 14500, paid 10% cash and remaining on credit. 21.6.20 Sold goods for 14000 OMR . 50% received in cash remaining on account to M/s. Muscat Enterprises 4.9.2017 Purchased building from Ansari Traders 25000 OMR , paid by cheques full amount . 9.12. 20 Settled accounts of Sharuk Traders by cheque. 29.12.20 Paid Salary expense 500 OMR for the month of December cash 31.12.20 Received rent revenue of 1200 OMR in cash . Required : Record Journal Entries Post them into the ledger accounts 3. Prepare the Trial Balance as on 31.12.2020
|
Date |
Transaction |
|
1.1.2020 |
Mr. Salim Ahmed started business as Ahmed Enterprise with OMR 70000 cash and Furniture valued at RO. 30000 as capital |
|
15. 2. 20 |
Opened Bank Account and deposited 45000 OMR Cash |
|
29.3.20 |
Purchased goods from Sharuk Traders for OMR 14500, paid 10% cash and remaining on credit. |
|
21.6.20 |
Sold goods for 14000 OMR . 50% received in cash remaining on account to M/s. Muscat Enterprises |
|
4.9.2017 |
Purchased building from Ansari Traders 25000 OMR , paid by cheques full amount . |
|
9.12. 20 |
Settled accounts of Sharuk Traders by cheque. |
|
29.12.20 |
Paid Salary expense 500 OMR for the month of December cash |
|
31.12.20 |
Received rent revenue of 1200 OMR in cash . |
Required :
- Record
Journal Entries
Post them into the ledger accounts 3. Prepare the
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