Question 17 Not yet It is a document received by the business when they purchase a stationery items of OMR 5 and paying cash to the seller: answered Marked out of 1.00 Flag question O a. Credit invoice O b. Receipt Oc Debit note O d. Credit note Mustafa Computer Supplies LLC is selling computer accessories for wholesale and retail business. Which of the following is False Statement? Question 18 Not yet answered Marked out of 1.00 P Flag question O a. Mustafa Computer Supplies LLC is doing a wholesale business O b. Mustafa Computer Supplies LLC is a merchandise business Oc. Mustafa Computer Supplies LLC is doing a retail business O d. Mustafa Computer Supplies LLC is a doing a manufacturing business Question 19 ABC Merchandise business shows their gross profit and income from operation at the end of the year. Which of the following method of statement prepared by ABC Merchandise business? Not yet answered Marked out of 1.00 Flag question O a. Trial balance Ob Simple Step income statement O c. Balance sheet Od Multi Step income statement Question 20 Not yet answered Marked out of 1.00 P Flag question Muscat Business Solution (MBS) follows perpetual inventory method. MBS purchase Merchandise 200 units of the HP Laser Printers at a cost of RO 120 each on credit on 10th June 2019. Terms of purchase are 5/10,n/60. MBS discovers that 50 units of HP Laser Printer returns to the supplier for a full refund on 12th June 2019. Which of the following is correct entry for Merchandise Return on 12th June 2019 in the books of MBS? O a. Dr. Accounts Payable RO 6,000 Cr. Purchase return RO 6,000 O b. Dr. Accounts payable RO 24,000 Cr. Merchandise Inventory RO 24,000 Oc. Dr. Accounts payable RO 6,000 Cr. Merchandise Inventory RO 6,000 O d. Dr. Merchandise inventory RO 24,000 Cr. Accounts payable RO 24,000