Question: On September 2 0 , 2 0 2 3 , Abdul Rahman, Zaid, and Osama agreed to establish a joint - liability company with a

On September 20,2023, Abdul Rahman, Zaid, and Osama agreed to establish a joint-liability company with a capital of 800,000 dinars, distributed among them in a ratio of 3: 1: 1, respectively. On 11/5/2023, the partners paid half of their shares in the capital in cash and pledged to pay the remainder of their shares in the capital on 10/1/2024.
Required:
1- Writing the necessary accounting entries in the books of the joint liability company.
2- Opening the capital account and the partners shares account on 12/31/2023.
3- Preparing the companys final budget on 12/31/2023.

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