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On 1st July 2020 Al Khareef flour mills bought two wheat grinding machines for RO 18000. The whole amount was Financed by Bank Nizwa for monthly instalments of RO 600. On 30 December 2020 the company sold one of the machine for RO 7200 and paid the Full amount to Bank Nizwa to be adjusted with the loan. How much amount will be shown under current liabilities on 31 December 2020. O a. RO 9000 O b. RO 7200 O c. RO 14400 O d.RO 18000 In Periodic inventory system the goods are a. Recorded immediately as and when purchased or sold b. Not recorded till the time sale is made OC. Not recorded till the time cost of goods are known od. Recorded after some time period to know the closing stock Clear my choice The accounts receivable are sold to company known as a. Factor O b. Commission agent Oc. Accounting service company O d. Broker