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Accounting
Particulars OMR Opening Balance: Cash 35,000 Sohar bank account 62,000 Khalid (supplier) Loan against Machinery Capital Purchased goods by cheque with 8 % trade discount 15,000 75,000 ??? 15,000 Withdrew from bank for personal use 1,200 Sold goods for cash with cash discount of 2% 8,700 Purchased goods from Al Rayan Industries 14,000 Sold goods to Sammuel &Co 9,200 Paid prouctive wages by chegue 2800

Particulars OMR Opening Balance: Cash 35,000 Sohar bank account 62,000 Khalid (supplier) Loan against Machinery Capital Purchased goods by cheque with 8 % trade discount 15,000 75,000 ??? 15,000 Withdrew from bank for personal use 1,200 Sold goods for cash with cash discount of 2% 8,700 Purchased goods from Al Rayan Industries 14,000 Sold goods to Sammuel &Co 9,200 Paid prouctive wages by chegue 2800

FINANCIAL ACCOUNTING
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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What is name of account of this items
Particulars OMR Opening Balance: Cash 35,000 Sohar bank account 62,000 Khalid (supplier) 15,000 Loan against Machinery Capital 75,000 ??? Purchased goods by cheque with 8% trade discount 15,000 Withdrew from bank for personal use 1,200 Sold goods for cash with cash discount of 2% Purchased goods from Al Rayan Industries Sold goods to Sammuel &Co Paid productive wages by cheque 8,700 14,000 9,200 2,800 Returned damaged goods to Al Rayan Industries 1,300 Purchased Computers for storing business data from multimedia Electronics 4,200 Sammuel & Co returned goods worth 1,100
Transcribed Image Text:Particulars OMR Opening Balance: Cash 35,000 Sohar bank account 62,000 Khalid (supplier) 15,000 Loan against Machinery Capital 75,000 ??? Purchased goods by cheque with 8% trade discount 15,000 Withdrew from bank for personal use 1,200 Sold goods for cash with cash discount of 2% Purchased goods from Al Rayan Industries Sold goods to Sammuel &Co Paid productive wages by cheque 8,700 14,000 9,200 2,800 Returned damaged goods to Al Rayan Industries 1,300 Purchased Computers for storing business data from multimedia Electronics 4,200 Sammuel & Co returned goods worth 1,100
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