Guidelines to the students:
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|
Schneider, Z, Whitehead, D & Elliott, D 2007, Find them correct: The right steps for good handwriting, 3rd edn, Elsevier New Zealand, Marrickville, Auckland
Health Council 2019, Causes of bad health, Health Council, viewed 2 January 2019, <https://www.health.org.om/about-health/reasons-badhealth/>.
Khan I, P 2004, ‘Role of infrastructure in economic development’, Business Standard, vol. 19, no. 6, pp. 46-52.
Norvic, N 2012, ‘Education in pandemic: new mode of education’, The Arabic Education, 30 March, p. 5.
|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.|
(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
Assignment submitted for the below mentioned course:
“Course Code & Course Name”
Student ID :
Student Name :
Section No. :
Submitted to: “Name of the Course Lecturer”
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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