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Question 28 Not yet answered Morked out of Mr. Nasser runs a merchandise inventory business in Salalah since 2000. He practices perpetual inventory systern. He

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Question 28 Not yet answered Morked out of Mr. Nasser runs a merchandise inventory business in Salalah since 2000. He practices perpetual inventory systern. He had an ending inventory OMR 45,000 and the cost of goods sold at the end of the year 2019. On the same date he found of ending inventory of physical count of OMR 50,000. Which account is debited while passing adjusting journal entry for the difference of ending inventory? Quotin a Sales b. Purchases c. Merchandise inventory d. Cost of Goods sold Question 29 Not yet Moned out of Mr. Abdulah runs a merchandise inventory business in Salalah since 2000. He proctices perpetual inventory system. He had an ending inventory OMR 50.000 and the cost of goods sold at the end of the year 2018 On the same date he found of ending inventory of physical count of OMR 45,000. Which account is debited while passing adjusting journal entry for the difference of ending inventory a Merchandhe inventory soles e Cost of goods sold Od Purchoses Out 30 Note oner Moto Mr. Ahmed, Mr. Khotid on w Mohammed or ende doing business in totoon. Mi Ahmed operates Nivoon Autocor detorship but Mr. Khalid uno a car cervice centre in Saloton on the other hand, Mr Mohammed has an industry producing milk products. Whiat type of business does Ahmed do a Merchandising business Production business c. Service business d. None of these ro Question Question 31 Note ned Mr. Al Operates Clothes business in the Dhofar Region. He made a Net Sales of ROIG5,000 and spent on Cost of Goods sold RO 75,000 and on Operating expenses RO 25,000. He had other revenues of RO 12000 during the year ended 31st December 2010. Compute Mr. Alls Not Income for the year ended 31st December 2010 Moned out of 1 a R0127.000 RO277,000 CR063,000 bd RO77,000 son

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