21 Not yet answered Marked out of If total cost is OMR 10,000, Total market value is OMR 10,600 and LCM on item by item basis is OMR 9,500 then adjustment to inventory is: (1 Mark) 1.00 Flag question OMR 600 None of these OMR 500 Question 22 OMR 1,100 havs the money to the company after the discount period which one of the following iournal entry is made by the company? Question 22 Not yet answered Marked out of 1.00 Flag question Cation 23 When the customer pays the money to the company after the discount period, which one of the following journal entry is made by the company? (Mark) Dr. Cash Cr. Trade receivables Dr. Trade receivables Dr. Discount Cr. Cash Dr. Cash Dr. Discount Cr. Trade receivables Dr. Discount Dr. Trade receivables Cr. Cash Question 23 Depreciation is: Not yet answered Marked out of 1.00 Flag question An expense for the business An asset for the business A revenue for the business A liability for the business (1 Mark) Question 24 Not yet answered Which of the following is an example of a known liability? Marked out of 1.00 Flag question Accounts payable All of these Warranty liability Pending lawsuit (1 Mark)