4.) Mr. Ali has been in business for some years. The following trial balance has been extracted from his books of account as at 31 January 2022: Transaction Details Dr Cr (Omr) (Omr) 3,000 25,000 Bank Buildings Capital Cash 35,000 35 00D 1,000 Creditors 18,000 45,000 50,000 (1000 12,000 35,000 250,000 Debtors Drawings Heat and light Miscellaneous expenses Purchases Sales Sales return Wages and salaries 393,000 20,000 45,000 466,000 466,000 a.) Prepare Mr. Ali's trading and profit and loss account for the year to 31 January 2022 and a balance sheet as at that date.

4.) Mr. Ali has been in business for some years. The following trial balance has been extracted from his books of account as at 31 January 2022: Transaction Details Dr Cr (Omr) (Omr) 3,000 25,000 Bank Buildings Capital Cash 35,000 35 00D 1,000 Creditors 18,000 45,000 50,000 (1000 12,000 35,000 250,000 Debtors Drawings Heat and light Miscellaneous expenses Purchases Sales Sales return Wages and salaries 393,000 20,000 45,000 466,000 466,000 a.) Prepare Mr. Ali's trading and profit and loss account for the year to 31 January 2022 and a balance sheet as at that date.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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