Assignment Question(s):(Marks 15) Question 1: (5 Marks) Sarah owns a boutique that sells women’s clothing and accessories. She keeps track of her business transactions using a journal. On March 1, Sarah invested SAR 10,000 cash in her business to start operations. Prepare the journal entry. On March 5, Sarah purchased inventory for SAR 5,000 on […]
Prepare the journal entry in SAR currency for each of the below transactions. Also prepare the income statement for ABC Consulting in 2022 based on the information provided.
Assignment (1) Assignment Question(s): (Marks 15) Question 1: (5 Marks) Sarah owns a boutique that sells women’s clothing and accessories. She keeps track of her business transactions using a journal. On March 1, Sarah invested SAR 10,000 cash in her business to start operations. Prepare the journal entry. On March 5, Sarah purchased […]