Principles of Accounting Questions Discussion

Principles of Accounting Questions Discussion

 
Guidelines to the students:




which is accepted by Turnitin. Hand written assignments are not be accepted.
 
Academic Integrity and Honesty Policy).




Sanctions for high plagiarism (above 25%) are:



First offence: Written warning and repeat the work



Second offence: Zero mark and suspension for one semester



Third offence: Dismissal from the college




 
 




Below are the penalties for a late submission:







Late submission by
Reduction in Marks


1 day
15%


2 days
25%


3 days
30%








For Books: 




Schneider, Z, Whitehead, D & Elliott, D 2007, Find them correct: The right steps for good handwriting, 3rd edn, Elsevier New Zealand, Marrickville, Auckland




For Websites:




Health Council 2019, Causes of bad health, Health Council, viewed 2 January 2019, <https://www.health.org.om/about-health/reasons-badhealth/>.




For Journals




Khan I, P 2004, ‘Role of infrastructure in economic development’, Business Standard, vol. 19, no. 6, pp. 46-52.




For Newspaper Articles




Norvic, N 2012, ‘Education in pandemic: new mode of education’, The Arabic Education, 30 March, p. 5.



Structured Assignment







Course Name: Principles of Accounting-2


Course Code:
BAAC 2100
Level:
        Diploma
Section No.:
1 & 2


Date & Time of Issue:
18/2/2021
Deadline (Date & Time):
29/03/2021


 
 
 
 
 
 
 











Learning Outcomes Covered in the Assignment:


Outcome No. 2
Prepare adjusting journal entries for merchandising company transactions, prepare a detailed balance sheet and income statement, prepare adjusting and closing entries, and understand the various internal control issues and procedures for inventory.
 


Outcome No. 3
Understand the accounting information system in an entity, and use special journals, subsidiary ledgers and control accounts.
 







Assignment Question(s)



(Allotted Marks: 15)



Q1.Choose any 3 Terms in both Income statement and Balance sheet and explain



      with an example each. (4 Marks)



Q2. Select any one business in Oman and write about the internal control issue



      procedures followed in that business related to Inventory management system



      in detail.  (3 Marks)



Q3. Describe any 4 books of original entry followed in business and write with



      your own example by using the specific format (4 Marks)



Q4. Oman Oasis Company provided the following information for the year ended



        31st December 2017.



Inventory- RO 56,000     Long term debt – RO 74,500           Good will – RO 25,000



Account receivables – RO 38,400       Account payable – RO 47,800    Machinery – RO 67,000



Deferred income taxes – RO 14,500    Fixtures and fittings – RO 26,000    Cash – RO 12,500



Shareholder’s equity – RO 90,000    Short term debt – RO 5,600 Other current assets – RO 7,500



Analyze the above information and prepare the Balance sheet of Oman Oasis Company for the year ended 31st December 2017. (4 Marks)



Please ensure to remove the above contents before you submit your assignment in Moodle.









University of Technology and Applied Sciences -Ibri



Sultanate of Oman



Business Studies Department



Academic Year: 2020 – 2021



Semester: II



Assignment submitted for the below mentioned course:



“Course Code & Course Name”



Student ID             :



Student Name        :



        Section No.             :



Submitted to:         “Name of the Course Lecturer”



Student Declaration



I am/we hereby declare that my submission of this assignment is a result of my own original work except for source materials explicitly acknowledged by proper citations. I understand that plagiarism is an offense that can lead to a disciplinary action depending on the seriousness of the case.



I am also aware of all the instructions and rules related to the submission of the course assignment provided by the course lecturer. I understand that violation of these rules will result in disciplinary actions.



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