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Expenses which have been incurred but not yet paid is called O a. Accrued Expenses O b. None of these c. Prepaid Expanses d. Non-Cash Expenses The accounting equation reflected balance sheet is: O a. Assets = Liabilities + Equity b. Current Assets + Noncurrent = Total Assets c. Revenue - Expenses = Net Income d. None of these Hamilton Company has the following Assets; Machinery = OMR 1,800; Account Receivable - OMR 500, Prepaid Insurance = OMR 600; Car = OMR 1,200. What is the amount of Total Non- Current Assets of the company? O a OMR 3,000 b. OMR 4,100 O c. OMR 1,800 d. None of these If the Total Current Liabilities OMR 74,500 and the Total Liabilities is OMR 85,000, then what would be amount of Non-Current Liabilities? a. OMR 10,500 b. OMR 74,500 c. None of these d. OMR 85,000 The Accounting Principle which states that the business has separate entity other than the entity of owner, is O a. Dual Aspect O b. Matching Principle O c. None of these O d. Historical Cost