Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3) Please solve all the questions, and please write the question number before answering, I just want the answer code please help.I will not forget

3)Please solve all the questions, and please write the question number before answering, I just want the answer code please help.I will not forget your favor principal of Accounting 2 image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 11 Not yet answered Marked out of 1 P Flag question From the following which is NOT TRUE about the General Journal. a. It gets recorded Returns of the merchandise O b. It gets recorded Adjusting journal entries O c. It gets recorded All Cash sales O d. None of these. Question 12 Not yet answered Marked out of 1 Flag question From the Following details find out closing balance of Mr. B, who is the customer, by preparing individual ledger account. Total Sales made during the year is RO 50,000 and Returns RO 15,000 and Cash received from him is RO 25,000. O a. RO 60,000 O b. RO 90,000 O c. None of these. O d. RO 40,000 Question 13 Not yet answered Marked out of 1 P Flag question From the following which is NOT TRUE' about the Sales journal. a. Sales journal has only one column O b. Sales journal contains Accounts receivable details O c. None of these. O d. Sales journal is meant for recording credit sales only. Question 14 Not yet answered Marked out of 1 Flag question From the following information which is "NOT TRUE" about the Cash Payment Journal under perpetual system. O a. It records all payments in cash. O b. It records sales discount O c. It records the accounts payable details. O d. It contains four columns. Question 15 Not yet answered Marked out of 1 P Flag question From the following find out the closing balance of the supplier of the merchandise, Mr. Ahmed (Accounts payable). He made total credit purchases during the year was OMR 80,000; he returned merchandise worth OMR 10,000 to his supplier Ahmed during the year; he paid cash to Ahmed was OMR 40,000. He made total credit sales during the year was OMR 30,000. a. 130,000 O b. None of these O c. 160,000 d. 30,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISO 9001 Audit Trail A Practical Guide To Process Auditing Following An Audit Trail

Authors: David John Seear

1st Edition

1477234896, 978-1477234891

More Books

Students also viewed these Accounting questions

Question

Do movie theaters have any other alternatives?

Answered: 1 week ago

Question

7. Identify four antecedents that influence intercultural contact.

Answered: 1 week ago

Question

5. Describe the relationship between history and identity.

Answered: 1 week ago