Question

Q5. Al Buraimi Cosmetics LLC has provided following details and asked you to create company, groups and necessary ledger accounts for the year ending 31st March, 2021: (3 Marks + 3 Marks + 4 Marks)

Address: Grand Mosque Road, Al Buraimi, Sultanat of Oman.

Telephone No.: [phone]

Fax No.: [phone]

Email ID: [email protected]

Website: https://www.alburaimicosmetics.com

Create the following groups:

• Plant & Machinery

• Land & Buildings

• Factory Expenses

• Packing Expenses

• Office Expenses

• Administrative Expenses

Create the following ledger with appropriate closing balances:

• Office Buildings A/C RO 125,000

• Administrative Buildings A/C RO 155,000

• Cosmetics Mixings Equipment A/C RO 40,000

• Factory Wages A/C RO 12,000

• Wages to Packaging Workers A/C RO 15,500

• Salaries to Office Staff A/C RO 25,000

• Salaries to Admin Staff A/C RO 15,000

• Commission Paid to Directors A/C RO 5,000

Answer 1