Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 29 Not yet answered Marked out of 100 Flag question Bank Muscat is giving a lump sum amount of cash credit against the securities

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 29 Not yet answered Marked out of 100 Flag question Bank Muscat is giving a lump sum amount of cash credit against the securities of a SAOC firm. What is your assertion on cash credit? O a. It is a form of loan O b. It is a form Bill of lading oc. It is a form of factoring O d. All Question 30 Not yet answered Marked out of 1.00 Ali shibani group of companies, during the accounting year 2020 made the total credit purchases worth OMR 912,500. For the accounting year 2020, the opening accounts payable of the company was OMR 125,000, and the closing accounts payable of the company was OMR 75,000. Using the information, calculate the average Payment period of the company. (Consider 365 days in a year) O a. None of these Ob 20 days Oc80 days Flag question O d. 40 days Question 31 Not yet answered Marked out of 1.00 Commercial banks grant short-term finance to business firms which is known as a. Bank credit O b. Institutional credit Tag question O c. All O d. Personal credit Question 32 Not yet Profitability method is a Method answered a. Ratio Marked out of 1,00 b. Traditional O c. None of the options Flag question O d. Modern Which of the following can be considered as financial institutions in a good financial system? Question 33 Not yet answered Marked out of 1.00 a. All O b. Treasures O c. Stock Exchanges Flag question O d. Banks Question 34 Not yet answered Select a common type of debt instrument used for housing loan from the following O a. Term loan b. Mortgage loan Marked out of 100 Flag question c. Unsecured loan O d. None Question 35 Not yet answered Marked out of 100 Find out the cost of goods sold from the given data. Opening Stock OMR 140,000, Purchase OMR 6,500, Purchase returns OMR 1,000 and closing stock OMR 2,000 O a OMR 146,600 b. OMR 3000 O c. None of the options O d. OMR 143,500 Flag question Question 36 Not yet answered Marked out of 3.00 Which of the following is to be considered as a long term source of finance? O a Debentures O b. Preference shares Flag question O c. All d. Shares Question 37 Not yet answered Which of the following is not popular in the present business scenario? a. Statement of changes in Equity b. None of the options c. Balance sheet Marked out of 100 Flag question d. Income Statement

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sarbanes Oxley And The New Internal Auditing Rules

Authors: Robert R. Moeller

1st Edition

0471483060, 978-0471483069

More Books

Students also viewed these Accounting questions