Question: help me to do this pleas!!! Mr. Omar opened his company in Alseeb. Many transactions have occurred during November 2020 which is as follows: 1

 help me to do this pleas!!! Mr. Omar opened his company

help me to do this pleas!!!
in Alseeb. Many transactions have occurred during November 2020 which is as

Mr. Omar opened his company in Alseeb. Many transactions have occurred during November 2020 which is as follows: 1 Jan Ali started business with OMR .................as cash. 2. Jan Purchased Motor van from Alaa for OMR 40,000 by paying OMR 25,000 in cash and balance at later date. 10 Jan Deposited OMR 30,000 into Bank. 15 Jan purchased Machinery for OMR 10,000 and payed by cheque. 17 Jan purchased goods worth OMR 8,000 for cash. 20 Jan Goods sold to Nasser worth 50,000 . 25 Jan Payed to Alaa the full amount. 28 Jan Cheque received form Nasser amounting to OMR 20,000. Prepare the following: 1. Journal entries 2. Ledger book 3. Trial Balance 4. Preparation of Financial Statements

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!