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please answer me quikly Oman LLC sold OMR 20000 goods to Mr Ahmed on 23rd March 2020 on credit and collected the note. The interest
please answer me quikly
Oman LLC sold OMR 20000 goods to Mr Ahmed on 23rd March 2020 on credit and collected the note. The interest to be paid by Mr. Ahmed is 6% per annum. If the company closes its balance sheet on 30th April, what journal entry is to be recorded in the books of accounts for accrued interest if the time given by the company for payment is 90 days? (Note: Assume 365 days in a year) a. None of the given options b. Debit Interest receivables OMR 125 and Cash OMR 125 c. Debit interest receivables OMR 125 and Credit Interest income OMR 125 d. Debit Interest income OMR 125 and Credit Interest receivables OMR 125 Nexi page HE sul la Silver Mountain LLC issued the cheque for OMR 2000 and recorded immediately in the cash book. But the cheque not yet presented in the bank for payment because of creditor busy with his own work. How will you adjust this in Bank reconciliation statement? a. Minus OMR 2000 from the balance of bank statement b. Add OMR 2000 to the cash book balance c. Add OMR 2000 to the bank statement balance d. Less OMR 2000 from the Cash book balance Next page Du lie hp Step by Step Solution
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