Please answer all the question

Question 33 Not yet answered Marked out of 1.00 Flag question In case of Iron making companies the amount of resource extracted has to be debited to the expense account This method of transferring the cost of natural resource to the expense account is known as. a. Dilution O b. Depreciation Oc Deduction O d. Depletion Questo 34 To better understand the financial information, it must be classified and Not yet answered Marked out of 1.00 O a. Relevant O b. Un concisely presented c. Compared Od Characterized Flag question Question 35 Not yet In the year 2019 XYZ LLC had net sales is RO 55000 and gross profit is RO 8250. The net sales in 2020 is RO 75000 then the gross profit will be answered Marked out of 1.00 Flag question a. RO 63750 b. RO 11250 OC RO 8250 O d. RO 46750 Question 36 Not yet answered Marked out of 1.00 What is the base used in estimating the allowance for uncollectible? O a. Percentage of Gross Profit O b. Percentage of Net profit c. Percentage of purchases O d. Percentage of sales Flag question Questo 37 Not yet answered Marked out of 1.00 Petty cash fund was started with opening balance of RO 600. During the month the receipts were RO 195 petrol, 155 office stationery, RO 125 staff welfare and RO 75 travelling and there was RO 55 left in the petty cash box. The amount required to refill the fund will be Flag question O a. RO 555 O b. RO 550 OC RO 565 O d.RO 545 Question 38 Not yet answered Marked out of Which one of the following is a special type of liability? a. Deferred income taxes O b. Accrued expenses O c. Bond payable O d. Salaries payable 1.00 Flag question Question 39 Not yet answered Marked out of 1.00 Under allowance method, the journal entry to record uncollectible accounts expense is. a. Dr. Allowance for Doubtful Accounts & Ct. Bad debts Expense O b. Dr. Accounts Receivable & Ct. Bad debts expense O c Dr. Bad debts expense & Cr. Accounts Receivable O d. Dr. Bad debts expense & Cr. Allowance for Doubtful Accounts Flag question Question 40 Not yet answered Marked out of 1.00 Cheque was received from customer and deposited in the bank. However by mistake it was entered on the wrong side in the cash book. This cheque has not been collected by the bank till the month end. The effect of this will result in Flag question a. Decrease in Bank book balance. O b. Decrease in Cash book balance c. Increase in Bank book balance, O d. Increase in Cash book balance