Case 2. Suppose you are the accountant of ABC International. Due to complete lock down and the threat of COVID 19 the employees have done the works their homes, but they have not yet been paid for the month of April 2019. As per the discussion, they agreed the salary to be paid in January 2021. The amount of the unpaid salaries totals OMR 31,000. How would you deal with this amount in financial statements of 2020? Answer the following Questions (1 mark each) a. Name the adjusting entry related to this transaction and pass entry to record the transaction? b. How will you define this adjusting entry in a single sentence? c. Which accounting concept is most applicable to this adjusting entry? d. How this amount is to be shown in balance sheet/ Income statement? e. How it will affect the financial statements if this entry is not passed?