Question: Question 2 Date 6+2 8 MARKS Transaction 1.5.2021 Mr. Farooq contributed Cash OMR 62000 and Vehicle costing OMR 15600 as his (1.5 marks) capital

Question 2 Date 6+2 8 MARKS Transaction 1.5.2021 Mr. Farooq contributed Cash OMR 62000 and Vehicle costing OMR 15600 as his (1.5 marks) capital 5.5.2021 Purchased goods from Gharib Traders LLC for OMR 27600. Paid 40% in cash and (1.5 marks) balance was on account. 14.5.2021 Sold goods for OMR 37100 to Ahmed Bros LLC on credit basis. (1.5marks) 20.5.2021 Paid General expenses OMR 7500 and Salary expense OMR 14400 Required: (1.5 marks) i. Record Journal Entries ii. Prepare Cash A/C and Purchases A/C (Ledger) 6 Marks 2 Marks

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