Information F Flag question The following information of Rameez Trading Centre for the year ended 31st December 2019 Account Amount (OMR) Sales Discounts 2200 Sales returns 22,000 Gross Sales 257,000 Interest revenue 10001 Gain on Sale of land 2000 Interest expense 8,000 Salesman Salaries 38,000 Office rent 14001 Cost of Goods sold 160,000 Electricity expense - Office 300 Rent expense - office 100 Salesman commission 125001 Advertising expense 5500 BASED ON THE ABOVE INFORMATION, ANSWER Q.NO.17 TO 20 What will be the Net sales by the business assuming that the business uses Multi step income statement? Question 17 Complete Mark 1.00 out of 1.00 Flag question a. OMR 232,800 b. OMR 260,000 c. OMR 24,400 d. OMR 235,800 What will be the Net Income assumes that the business uses simple step income statement? Question 18 Complete Mark 1.00 out of 1.00 Flag question a. OMR 170,000 b. OMR 15,000 c. OMR 10,000 d. OMR 20,000 What will be the income from operation assumes that the business uses Multi step income statement? Question 20 Complete Mark 0.00 out of 1.00 Flag question a. OMR 57,800 b. OMR 15,000 c. OMR 7,000 d. OMR 72,800 What will be the total revenue by the business assuming that the business uses Simple step income statement? Question 19 Complete Mark 0.00 out of 1.00 P Flag question a. OMR 233,800 b. OMR 232,800 C. OMR 260,000 d. OMR 235,800