Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please choose the correct option of every question .No explanation is required. I need the answer quickly Please Question 20 Calculate the revenue of the
Please choose the correct option of every question .No explanation is required. I need the answer quickly Please
Question 20 Calculate the revenue of the business, from the following transactions using accrual basis of accounting. Sold one television for cash OMR 240. Performed repairing service to customer on credit for OMR 25 Not yet answered Marked out of 1 a OMR 240 Ob OMR 25 Remove flag c. OMR 215 Od OMR 265 Finish attem Question 18 Not yet answered Match the following accounting rules with the corresponding equity, expenses and assets and find out the correct one. Increase is debited for Equity IL. Decrease is credited b. for Expenses III. Increase is credited c. for Assets Marked out of 2 Remove flog OQ i-cu-bli-a Ob 1-b; -o; il-C OC 1-:- b; - c Od 1-a-b;-c Question 16 Accounting play very important role because Not yet answered Marked out of 1 O a. All of these O b. It helps to users to take decisions O c. It helps to ascertain financial positions O d. It helps to ascertain operating results Remove flag Question 13 "Mr. A Started business by investing OMR 3,900 in cash" the account to be Credited for the transaction in the journal is Not yet answered Marked out of 1 w O a. Account Receivable O b. Cash O c. None of these O d. Capital Remove flag Question 14 Not yet Mr. Hamid, a business man, purchased supplies on credit OMR 2,620 to sell in his shop. Identify the suitable account book of the business to record the transaction for the first time. answered Marked out of 1 O a. Ledger O b. Trial Balance O c. Balance Sheet Remove flag O d. JournalStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started