Homework answers / question archive / Azzan Al Azizi is the owner of Azzan Heavy Industrial Equipment LLC, located in Ruwi Sannaxa, Ruwi Muscat, Oman He started maintaining his accounting records in Tally ERP 9 from 1* Apr, 2019

Azzan Al Azizi is the owner of Azzan Heavy Industrial Equipment LLC, located in Ruwi Sannaxa, Ruwi Muscat, Oman He started maintaining his accounting records in Tally ERP 9 from 1* Apr, 2019

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Azzan Al Azizi is the owner of Azzan Heavy Industrial Equipment LLC, located in Ruwi Sannaxa, Ruwi Muscat, Oman He started maintaining his accounting records in Tally ERP 9 from 1* Apr, 2019. He also maintains an online helpdesk at chelp @ IbriConstructions.com Date 19 Apr 2019 2nd Apr 2019 15 May 2019 Transaction Opening Balances. Property, Plant & Equipment - OMR 45,000 Cash & Cash Equivalent A/C - OMR 35,000 Muscat Heavy Equipment LLC - OMR 30,000 (Cr) Bahala Industrial Equipment LLC - OMR 20,000 (Dr) Capital OMR? Purchased Stock worth OMR 90,000 on credit from Gulf Heavy Industrial Equipment LLC at a trade discount of 5% Distributed OMR 10,000 worth of Stock as free samples for improving Sales Sold Stock worth OMR 120,000 on credit to Middle East Heavy Equipment LLC at a trade discount of 15% Received a Cash worth OMR 17,500 from Bahala Industrial Equipment LLC in full settlement of their account. Paid a Cash worth OMR 27,000 to Muscat Heavy Equipment LLC in full settlement to their account. Mr. Azzan took Cash worth OMR 5,000 from business for his personal use. Paid Office Salaries worth OMR 6,000 and Carriage Inwards worth OMR 5,500 by cash 2nd May 2019 31 May 2019 1st Jun 2019 2nd Jun 2019 1st Jul 2019 2nd Jul 2019 Received Commission from sales worth OMR 8.000 in cash