Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On 15 December 2020; Saadah Company purchased goods at the amount of 32500 OMR and paid 12500, the balance is on account. Which of the

image text in transcribed
On 15 December 2020; Saadah Company purchased goods at the amount of 32500 OMR and paid 12500, the balance is on account. Which of the following is the correct journal entry for this transaction? Select one: . Date Accounts Debit Credit (RO) (RO) 32500 Goods 20000 15.12.2020 Payable Cash 12500 B. Date Accounts Debit Credit (RO) (RO) Goods 32500 20000 15.12.2020 Cash Payable 12500 Date Accounts Debit Credit (RO) (RO) Payable 20000 15.12.2020 Cash 12500 Goods 32500 Date Accounts Debit Credit (RO) (RO) Payable 20000 0 15.12.2020 Cash 12500 O Goods 32500 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions