Almajan traders incurred the expenses of advertisement, salaries of sales person and delivery cost during the year 2016. What is the name of the account to be used to record these expenses from the following? Question 17 Not yet answered Marked out of 100 Flag question O a None O b.Selling expenses O c. Administration expenses O d. Other expenses Question 20 The merchandising business would use the following form of entry in case of any differences in inventory like overstated or understated during the year is known as Not yet answered Marked out of 100 Flag question a. Adjusting entry O b. Contra entry O c. Ledger account O d. Journal entry Question 16 Not yet answered Marked out of 1,00 The deduction from the invoice price that can be taken only If the invoice price is paid within a specified time is called as O a Invoice Ob. None Flag question O c. Cash discount d. Bill The inventory is not as badly understated as under LIFO, but it is not as up to date as under FIFO and it is applied in which of the following inventory method? Question 12 Not yet answered Marked out of 100 Flag question O a All O b. Specific Identification C. First In First Out (FIFO) O d. Weighted Average