Question 29 Not yet answered Marked out of 1.00 P Flag question The business had 200 units in inventory at 1st February 2018 valued at RO 20. On 10th February Purchase made 400 units at RO 30 each. On 28th February Sales made 300 units at RO 40 each. What will be the cost of goods sold value at the end of February 2018 assuming that the business uses FIFO method? O a OMR 16,000 O b. OMR 9,000 OG OMR 12,000 O d. OMR 7,000 Question 30 Ms. Asma Al aamri is a trader of textile business. Which of the following transactions will be recorded in her cash receipt Journal? Not yet answered Marked out of 1.00 Flag question O a. Bought clothes worth RO 18,000 from Sohar textiles LLC for cash O b. Cash paid to Nizwa textiles LLC for RO 12,500 Oc Received cash from ABC Textiles LLC for RO 12,500 O d. Sold clothes worth RO 30,000 to ABC Textiles LLC 2/10, n/30 Which of the following will be the correct source document assuming that your business issued invoices to customers each day? Question 31 Not yet answered Marked out of 1.00 P Flag question O a. Purchase invoice O b. Sales invoice Oc Receipt Od Debit note Question 32 Not yet answered Marked out of The journal entry to record a Purchase of Merchandise Inventory from Supplier for cash under periodic inventory method is: O a. Debit Purchase Credit Accounts payable O b. Debit Purchase Credit Accounts receivable OC. Debit Cash Credit Sales O d. Debit Purchase Credit Cash 1.00 P Flag