3. Following accounts are extracted from the books of Al Karama Manufacturing on 31 December 2022....
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3. Following accounts are extracted from the books of Al Karama Manufacturing on 31 December 2022. (2.5 Marks) Answer: 2 S. No. Account Title 1 Cash A/C 2 3 4 3 4 5 6 7 5 6 Karama, Capital A/C Furniture A/C 8 9 Electricity Expense A/C 10 Karama, Drawings A/C Required: Identify the normal balances for these accounts. Rent Received A/C Sales Revenue A/C S No. Account Title 1 Cash A/C Account Receivable A/C Account Payable A/C Motor Van A/C Karama, Capital A/C Furniture A/C Rent Received A/C Sales Revenue A/C Account Receivable A/C Account Payable A/C Motor Van A/C Amount(OMR) 6,680 35,000 10,000 8,800 2,980 1,500 3,800 1,450 450 1,200 7 8 9 Electricity Expense A/C 10 Karama, Drawings A/C Debit Balance Credit Balance 3. Following accounts are extracted from the books of Al Karama Manufacturing on 31 December 2022. (2.5 Marks) Answer: 2 S. No. Account Title 1 Cash A/C 2 3 4 3 4 5 6 7 5 6 Karama, Capital A/C Furniture A/C 8 9 Electricity Expense A/C 10 Karama, Drawings A/C Required: Identify the normal balances for these accounts. Rent Received A/C Sales Revenue A/C S No. Account Title 1 Cash A/C Account Receivable A/C Account Payable A/C Motor Van A/C Karama, Capital A/C Furniture A/C Rent Received A/C Sales Revenue A/C Account Receivable A/C Account Payable A/C Motor Van A/C Amount(OMR) 6,680 35,000 10,000 8,800 2,980 1,500 3,800 1,450 450 1,200 7 8 9 Electricity Expense A/C 10 Karama, Drawings A/C Debit Balance Credit Balance
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To identify the normal balances for these accounts extracted from the books of Al Karama Manufacturing as of 31 December 2022 we need to know whether ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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