Question: please solve all the questions ok solve this two quesetions Question 1: Following is the Trail balance of Alpha Ltd company as on 31 December

 please solve all the questions ok solve this two quesetions Question
1: Following is the Trail balance of Alpha Ltd company as on
31" December 2019, Particulars OMR Paris OMIK 300 Od 12.000 Pucte 100
please solve all the questions
Bank 21:00 Sales Administries 16.00 h D 1.800 8.00 Acable 14.000 3.100
ok solve this two quesetions

Question 1: Following is the Trail balance of Alpha Ltd company as on 31" December 2019, Particulars OMR Paris OMIK 300 Od 12.000 Pucte 100 Bank 21:00 Sales Administries 16.00 h D 1.800 8.00 Acable 14.000 3.100 ming 4.000 Silex offices Ruilding Salomenis Purchase hacer Sales Allowance and Deus 6.000 Sales Emai Furnih Accuente 42.000 Meditary Cars Land 30.000 Note: Closing stock as on 31 December 2019 is OMR 60.000 Requirement: You are required to Prepare Income Statement and Balance sheet Compute the Cost of Goods Sold and Gross Profit and then prepare the Income statement for Al Hilal Merchandising Company for the year ended Dec. 2019 with the following data: Particulars: Amount (OMR) Office supplies Expense 2,000 Office Salaries 3,000 Interest Revenues 5,000 Sales 50,000 Purchases 20,000 Beginning Inventory 10,000 Advertising Expense 1,000 Commission expense 1.000 Ending Inventory 5,000 Loss from Lawsuit 6,000 Dividend revenue 7,000 Question 1: Following is the Trail balance of Alpha Ltd company as on 31" December 2019, Particulars OMR Paris OMIK 300 Od 12.000 Pucte 100 Bank 21:00 Sales Administries 16.00 h D 1.800 8.00 Acable 14.000 3.100 ming 4.000 Silex offices Ruilding Salomenis Purchase hacer Sales Allowance and Deus 6.000 Sales Emai Furnih Accuente 42.000 Meditary Cars Land 30.000 Note: Closing stock as on 31 December 2019 is OMR 60.000 Requirement: You are required to Prepare Income Statement and Balance sheet Compute the Cost of Goods Sold and Gross Profit and then prepare the Income statement for Al Hilal Merchandising Company for the year ended Dec. 2019 with the following data: Particulars: Amount (OMR) Office supplies Expense 2,000 Office Salaries 3,000 Interest Revenues 5,000 Sales 50,000 Purchases 20,000 Beginning Inventory 10,000 Advertising Expense 1,000 Commission expense 1.000 Ending Inventory 5,000 Loss from Lawsuit 6,000 Dividend revenue 7,000

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 Finance Questions!