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I just want the answer code, please answer with a pronoun I will not forget please intermediate Accounting1 4G 11. 3:01 sct.edu.om III Time left

I just want the answer code, please answer with a pronoun I will not forget please

intermediate Accounting1

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4G 11. 3:01 sct.edu.om III Time left 0:39:57 Question 1 Not yet answered Marked out of 1 Flag question ABC rendered service to Ahmed on June 1, 2020 for OMR 500, Ahmed will pay on July 1,2020, which date will asset increase? a. July 1, 2020 b. June 1, 2020 C. Neither June 1 or July 1 o d. Either June 1 or July 1 Question 2 Not yet answered Marked out of 1 P Flag question 4G 11. 3:01 sct.edu.om III Time left 0:39:51 Question 2 Not yet answered Marked out of 1 P Flag question TYB Design Shop offered services to customer Ahmed on July 1, 2021. TYB will provide design services to the new house of Ahmed for a total price of OMR 1,000. Ahmed will pay TYB Company on August 1, 2021. Which date will TYB Shop have an increase in assets and what is the debit entry on that date? oa July 1, debit Cash of OMR 1,000 O b. July 1, 2021, debit Accounts Receivable of OMR 1,000 OC. August 1, 2021, debit Sales of OMR 1,000 od. August 1, 2021, debit Deferred Income of OMR 1,000 4G 11. 3:01 sct.edu.om III Deferre Time left 0:39:48 OMR 1,000 Question 3 Not yet answered Marked out of 1 Flag question Ali capital balance end is OMR 500 and during the month he recorded profit of OMR 300. How much is the capital balance begining of Ali under the Capital Maintenance Concept? a. OMR 700 b. OMR 200 O C. None of these O d. OMR 800 Question 4 Not yet answered Marked out of 1 Flag question 4G 11. 3:01 sct.edu.om III Time left 0:39:41 Question 4 Not yet answered Marked out of 1 Flog question XYZ Flower Shop offered services to the wedding of Fatima on July 1, 2021. XYZ will provide and arrange the flowers in the wedding reception venue for a total price of OMR 1,200. Fatima paid XYZ Company 30% on June 1, 2021 and the balance on August 1, 2021. What is the effect to assets on July 1.2021 and what is debited in the journal entry on July 1.2021? a. Increase, debit Accounts Receivable of OMR 840 ob. Increase, debit Accounts Receivable of OMR 840 and Deferred income of OMR 360 Oc. Decrease, debit Deferred Income of OMR 360 Od. Decrease, debit Deferred Income of 840 4G lit. 3:02 sct.edu.om III Time left 0:39:34 Question 5 Not yet answered Marked out of 1 F Flag question GBN Company recorded a gross profit of OMR 5,000 while GNB Company recorded gross profit of OMR 50,000 on the same accounting period, GNB reported a cash deficit of OMR 10 as part of other expenses while GBN wanted to investigate the deficit. GBN believes that this will have a major immpact to the design of their internal control structure. Under which concepts in the conceptual framework in accounting is described here? a. Understandability and Accrual ob. Accrual and relevance O c. Materiality and Relevance d. None of these o Next page

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