Assume Singh and Company (Heavy Engineering Division) purchased some tools for OMR 950 and issued the check to the same amount. A cheque for the amount of OMR 950 issued to the tools supplier was misreported in the cash book as OMR 590. Therefore while preparing the Bank Reconciliation statement, what adjustment the accountant will do? Choose the correct answer from the following given options.

a. Add OMR 360 to the bank statement balance

b. Deduct OMR 360 from the bank statement balance

c. Add OMR 360 to the cash book balance

d. Deduct OMR 360 from the cash book balance

From the following given options identify any two steps essential in establishing a petty cash fund.

i)Appointing the accountant to take care of petty cash transactions

ii)Appointing the treasurer

iii)Appointing a petty cash custodian who will be responsible for the fund

iv)Determining the size of the fund.

a. i) & ii)

b. iii) & iv)

c. i) & iv)

d. ii) & iii)

Easa Saleh Al Gurg Group Careers established petty cash fund with OMR 300. The petty cash custodian spent OMR 270 on different petty expenses and preserved all the receipts in the cash box. Therefore the petty box of the company containing OMR 30 cash plus OMR 270 receipts. The cash custodian sent all the receipts to the accountant and accountant replenished the cash in the cash box. How much the accountant of the company replenished cash in the petty cash box? Identify the correct answer from the following given options.

a. OMR 330

b. OMR 270

c. OMR 300

d. None of the given options