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A- QUESTION 4 During the year 2020, Ali's Restaurant earned revenues of OMR 350,000, had expenses of OMR 40.000, purchased assets with a cost of

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A- QUESTION 4 During the year 2020, Ali's Restaurant earned revenues of OMR 350,000, had expenses of OMR 40.000, purchased assets with a cost of OMR 40.000 and paid dividends to the shareholders of OMR20,000. Net income for the year is O OMR 310,000 DOMR 190.000 DOMR170,000 COMR 160.000 B- QUESTIONS Which of the following account is considered as non-item of Liability Uncated revenue b. Revue Note payable e Rent payable . QUESTIONS Credit: increase both cash and account payable. increase supplies and decrease note payable decrease equpment and increase salary payable. Od decrease both prepaid expenses and teamed revenue

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