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p lease solve the following MCQ I just need the final answer you can just resubmit the picture with the correct answer circled The business
please solve the following MCQ I just need the final answer you can just resubmit the picture with the correct answer circled
The business made a sale of OMR 21000 ( cost was OR 22000), on credit basis. The Goods Account decreases by----- in accounting equation OMR 21000 a O OMR 22000 b O OMR 1000 CO None of the above do A company purchased a piece of Land for OMR 12800. The market value of the Land was OMR 15500. The value that will be recorded in the books would be OMR 28300 a O OMR 15500 bo OMR 2700 .co OMR 12800 do Which of the following transactions would have an effect on liability Purchase goods for cash a O Paid expense bo Received income.co Purchase goods on account do The business made a sale of OMR 21000 ( cost was OR 18000) , on credit basis. The effect on Account Receivable will be Account Receivable will increase by OMR 18000 Account Receivable will decrease by OMR 21000 bo Account Receivable will increase by OMR 21000.CO Account Receivable will decrease by OMR 18000 do ? Which one of the following statement completely and correctly describes accounting Recording, classifying and summarizing all activities in unsystematic manner a o Accounting is the systematic process of recording social activities only.bo Recording, classifying and summarizing economic activities in systematic way .co Recording, classifying and summarizing economic activities in informal manner .do Amount of interest paid to Ali should be debited to Interest A/C a O Ali A/C bo A/C Payable.co Cash A/C doStep by Step Solution
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