Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 4 rowd Med out of 1 Salary paid in cash OMR 200 had been debited to cash a/c and credited to salary ale. What

image text in transcribed
Question 4 rowd Med out of 1 Salary paid in cash OMR 200 had been debited to cash a/c and credited to salary ale. What is the correction journal entry for the above transaction a Solary a/c Debit OMR200 Cosh ale Credit OMR 200 ob, Salary ac Debit OMR400 Cash olc Credit OMR 400 c. Cash ale Debit OMR400. Salary a/c Credit CMR 400 d. None of these quotion 5 Moyo wered Morved out of Merchandise bought on credit OMR 230 had been entered in the purchases journal as OMR 320. What is the correction journal entry for the above transaction? Accounts payable ac Debit OMR 190; Purchases a/c Credit OMR 100 D. None of those c. Purchase a/c Debit OMR 90: Accounts payable a/c Credit OMR 90 Od Accounts payable a/c Debit OMR 90, Purchases ale Credit OMR 90 Du 6 NOR YOU wered Moto Mr. A prepared a Trial balance on 31st December 2018, but it was not equal and it showed a debit side total of RO 60.000 and a credit side total of RO 50,000 Which occount is used to bolonce the Trial balance? Da Suspense account Credit side OMR 10,000 b. Suspense account Debit side ONR 10,000 e Temporary account Debit side OMR 10,000 od Temporary account Credit uide OMR 10,000 son Qui 7 Not yet Mr. A prepared a Triat balance on 31st December 2018, but it was not equal and it showed a debit sido total of RO 48000 and a credit side total of RO 60.000,Which account is used to bolance the Trial balance? Morted out of Temporary account Debit side RO 2000 b. Temporary account Creditsid RO2000 Oc Suspense account Dobit side RO 2000 d. Suspense account Credit uide RO 2000

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

Financial Holding Company Audit Compliance And Risk Management

Authors: Anthony Ludovic Assassa

1st Edition

6206122727, 978-6206122722

More Books

Students also viewed these Accounting questions