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Read the following phrases and chose the appropriate match given below: 1. Use of FIFO for inventory valuation Class of Transactions 1. II. Dues from

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Read the following phrases and chose the appropriate match given below: 1. Use of FIFO for inventory valuation Class of Transactions 1. II. Dues from Mr. Sayeed (Customer) 2. Accounting Policy III. Payments for suppliers 3. Account Balance O a. 1-2, 1-3, III-1 O b. 1-1, 1-2, 111-3 O c. 1-3, 1-2, III-1 O d. l-1, 11-3, 111-2 Question 30 30. Identify a qualitative misstatement from the following a. Balance in an account was shown as OMR 1256 instead of OMR 1265 b. A purchase transaction for OMR 2500 has not been added O c. Balance in account was overlooked while summarizing the accounts d. Described the depreciation policy as straight line while using other method Identify, which one of the following is not, considered as non-compliance by a company? O a. Using a depreciation method that not provided by the reporting framework. O b. An accounting policy of the firm contrary to the regulations O c. Violation of tax laws by a director on his personal income tax O d. Omission of an item of expenditure of the company that is

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