intermediate Accounting

Question 24 Not yet newed Marked out of XYZ Company reported in 2020 total purchases of OMR 25,000, freight out of OMR 1,000 and freight in of OMR 700, Purchases returns of OMR 500 and Purchase discounts of OMR 200. Beginning inventory is OMR 10,000 and the ending inventory is OMR 4,000. Gross Prolt amounts to OMR 20.000. How much is the total scles? OG 51000 Ob 51.300 c. None of these Od 34700 Trg question Ob 25 Not yet wed Mood out of 1 Fog quation BNM Company purchased an equipment and paid OMR 20,000. The company paid OMR 500 for freight and OMR 300 for installation. Upon installation, a staff damaged a part by his own negligence and repairs was made costing OMR 200. As per the cost Principle, what should be the credit in the journal entry on May 20207 Og Equipment OMR 20,000, Freight OMR 500 Irazollation OMR 300 and Repairs Expense OMR 200 Ob Equipment OMR 20.800 and Repairs expense of OMR 200 c. None of these od Cosh of OMR 21,000 26 Not yet Od On June 1, 2020. GBv Company purchased a machine from Dubai and paid OMR 25,000, net of 20% trade discount. Gev paid OMR 100 for freight and OMR 300 for installation. As per the conceptual framework on measurement how much should be the total cost of the machine recorded in the books of GBV? Marked out of Fog ution OG OMR 20.400 OD OMR 25.400 O OMR 5.400 d. None of these Question 27 Not yet Ons word On December 31, 2020 the allowance for doutsttul accounts hos unadjusted balance of OMR 3.000 and it was increased to OMR 4.000. How much is the bad debts expense in 2020 Morted out of 1 Flag quotion OG OMR 1000 b. None of these C. OMR 7,000 d OMR 4,000