Group Case Study: Jazeera Group: K. S. K)

“JAZEERA GROUP CASE STUDY” “Jazeera Airways K.S.C.P is the ultimate parent company of the Jazeera Group. Jazeera Group is Kuwaiti Public Listed Company, which has been serving nationals and international people from 2004. Company is primarily providing air transportation and passenger services to the people. Other than this, the group is also engaged in cargo and freight forwarding activities. Jazeera Group is licensed with the Directorate General of Civil Aviation. Jazeera Group consist of Jazeera airways as parent, controlling two subsidiaries named Al Sahaab Aircraft Leasing Company W.L.L. and Sahaab Aviation LLC (Trustor). Jazeera Group has been preparing its all consolidate financial …show more content…
Prepare a post-closing trial balance at January 31, 2014.

Closing trial balance at Jan. 31, 2014
Date Explanation Dr Cr
Jan. 31 sundries account of repair services revenue 31,200.00 Earned services revenue a/c 800.00 the Income Summary a/c 32,000.00
Jan. 31 By Income ummary a/c 5,780.00 sundries fuel expense a/c 600.00 rent expense a/c 1,200.00 salary expense a/c 3,200.00 depreciation expense a/c 80.00 supplies expense a/c 400.00 expired prepaid insurance a/c 300.00
Jan. 31 the Income Summary a/c 26,220.00 the capital stock a/c 26,220.00

“References

• Air Arabia, (2013). Air Arabia Annual Report. pp. 27-45.
• Centreforaviation.com, (2015). Could Jazeera Airways, a small and nimble carrier, come to the rescue of Kuwait Airways? | CAPA - Centre for Aviation. [Online] Available at: http://centreforaviation.com/analysis/could-jazeera-airways-a-small-and-nimble-carrier-come-to-the-rescue-of-kuwait-airways-108076 [Accessed 15 Mar. 2015].
• Jazeera Group, (2013). Jazeera Airways Group Annual Report. The Opportunity At Home. pp.24