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Homework answers / question archive / Time left 2:12:39 Mr

Time left 2:12:39 Mr

Accounting

Time left 2:12:39 Mr. Ali decided to start a car cleaning service business in Sohar that named as Prompt cleaning service. On 1st January 2020, he invested OR 35,000 cash in the business. 3rd January. Business obtains a bank loan of RO.2, 000 from bank Muscat 10th January. The business purchased machine worth RO.3, 000 from Muscat Traders LLC and paid cash. 15th January. The business performed a service to various customers and receives OR. 400 cash. 24th January. The business paid salaries to employees totalled OR.400 30th January. Mr Ali withdraws cash of OMR 200 from the business for his personal use.

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