on 25 Sara accepted a bill of exchange from Sharooq for OMR6,000 at 2% for 2 months. After the due date, how much should she pay? ed out of None of these OMR 5,980 OMR 6,000 OMR 6,020 estion 27 yet Identify the correct statement: wered I Slip system ensures smooth flow of accounting. -ked out of II Subsidiary books are avoided as posting is done from slips. lag stion Correct answ None of these Il only I and II I only n 26 The life insurance fund at the beginning of the year is OMR ed out of 2,300,000. During the year outstanding interest on investment is OMR 10,000, bonus in reduction of premium is OMR 8,000 and reinsurance claim recoverable is OMR 7,000. Find the closing balance of life insurance fund after making the adjustments. OMR 2,317,000 OMR 2,371,000 OMR 2,137,000 None of these A cash credit account is also called Current account Debit account Running account None of these