Q3. Journalise any 6 transactions of your choice with imaginary names / transactions / omr
Q3. Journalise any 6 transactions of your choice with imaginary names / transactions / omr
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Journalise any 6 transactions of your
Q3.
choice with imaginary names / transactions
/ omr

Transcribed Image Text:Question: Q1 Let Us Assume That
Mr. Amir Starts A Business Called
Amir Enterprises On 1st January,...
QI Let us assume that Mr. Amir starts a business called
Amir Enterprises on 1st January, 2021 and invests
cash of RO. 20,000 as his capital.
Amir Enterprise's purchases machinery worth RO.
1,000 paid 35% in cash and remaining on credit.
The company purchased goods worth RO. 5,000. Paid
RO. 2,000 cash and balance on credit
The company made a sale of RO. 2800 (cost being RO
3000) on credit basis
The company took loan of RO. 10,000 from Bank
Muscat.
Mr. Amir withdrew RO. 1,000 from the business for
his personal use
You need to record the above transactions in an
equation form.
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