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Btion 18 et wered ked out of Mr. Khalid purchased merchandise inventory worth OMR 40000 on credit from Mr. Abdul on 1-1-2020 with a payment
Btion 18 et wered ked out of Mr. Khalid purchased merchandise inventory worth OMR 40000 on credit from Mr. Abdul on 1-1-2020 with a payment terms of 2/15, n/45 at FOB shipping. The shipping expenses were OMR 1000 paid in cash on 01-01-2020. Which account does Khalid debit for the payment of shipping expenses if he practices perpetual system? lag -stion a. Delivery expenses account b. Merchandise inventory account c. Shipping expenses account d. Carriage inwards account
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