Please circle the right answer of the following MCQ

Record the journal entries for the following transaction Transaction Date Received OMR 1500 as interest revenue 1.2021.10 Credit Debit Account Date 1500 Account Receivable A/C Dr 10.1.2021 1500 Interest Revenue Cr .bo Credit Debit Account Date DR 10.1.2021 1500 Interest revenue A/C Cash A/C 1500 CR .co vredit Debit Account Date 1050 Cash A/C Dr 10.1.2021 1050 Interest revenue A/C Cr .do Credit Debit Account Date 1500 Cash A/C Dr 10.1.2021 1500 Interest revenue A/C Cr ?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 a O 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 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 Ali A/C .bo A/C Payable co Cash A/C do