Prepaid Insurance expired during the year would be shown in a. In Income statement as an expense b. In Income statement as a revenue c. In Balance sheet as an asset d. In Balance sheet as a liability Question 2 Not yet answered Marked out of 1 P Flag question Mr. Ali, started the business by investing OMR 15,000. During the year he suffered a net loss of OMR 90, his withdrawal during the year is OMR 200. What is his capital at the end of the year? a. OMR 14,890 b. OMR 14,800 c. OMR 14,710 d. None of these