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Question 41 Not yet answered Marked out of 1.00 Petroleum Company purchases 2,000 shares of Mahesh Company at a cost of OMR 0.600 per share.

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Question 41 Not yet answered Marked out of 1.00 Petroleum Company purchases 2,000 shares of Mahesh Company at a cost of OMR 0.600 per share. It also pays OMR 50 for transaction cost. The investment was classified as Held for Trading. What would be Petroleum's journal entry for the purchase of Mahesh shares? O a Dr Cash OMR 1,200, Dr Miscellaneous Expense OMR 50 Cr Investment OMR 1.250 O b. Dr Investment OMR 1,200; Dr Miscellaneous Expense OMR 50; Cr Cash OMR 1,250 OC Dr Cash OMR 1,250; Cr Investment OMR 1,200; Cr Miscellaneous Expense OMR 50 Od Dr Investment OMR 1,200; Cr Miscellaneous Expense OMR 50; C Cash OMR 1,150 Flag

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