Qui Question 18 Not yet answered 10 Marked out of 100 Flag question Fahad Express LLC is planning to buy a vehicle for its courier business. The cost of the Vehicle is RO 16000 and the useful life is 10 years. The vehicle was depreciated using Straight line method. After five years the vehicle met and accident and had to be discarded. The vehicle was sold for RO 5000, The amount of Profit/loss to the transferred to the income statement will be a. RO 4000 Profit O b. RO 3000 Profit O CRO 3000 Loss d. RO 3400 Loss 19 28 37 46 Question 19 Al shams lic had accounts receivable for RO 25000. They sold the accounts receivable to the Factor for a service charge of 2%. The amount of cash to be recorded in the accounts is Finis Not yet Time answered Marked out of 1.00 Flag question a. RO 24000 O b. RO 24500 OC RO 25500 Od.RO 25000 When the due date for a promissory note is stated in terms of days, to determine the maturity date we have to exclude Question 6 Not yet answered Marked out of 1.00 Flag question O a. The date of issue of the note and the Due date b. The date when the note will become due O c. The date when the note is issued Od. The date when the account receivable did not make payment Question 32 Not yet ABC LLC started a petty cash fund with opening balance of RO 500. During the month the receipts were RO 145 petrot, 75 office stationery, RO125 staff welfare and 85 travelling and there was RO 65 left in the petty cash box. How much is the amount required to be refill in the petty cash fund? answered Marked out of 1.00 P Flag question O a. RO 430 O b, RO 435 OC RO 425 O d. RO 445 4 Question 35 Not yet answered Marked out of 1.00 In the year 2019 XYZ LL.C had net sales is RO 55000 and gross profit is RO 8250. The net sales in 2020 is RO 75000 then the gross profit will be Flag question O a. RO 63750 O b. RO 11250 OC RO 8250 O d. RO 46750