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Section C: (2Q* 3 Marks = 6 MARKS) (Suggested time 64 minutes) Instruction: Answer all the questions. 3 Marks Question 1: Calculate the following: (i)

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Section C: (2Q* 3 Marks = 6 MARKS) (Suggested time 64 minutes) Instruction: Answer all the questions. 3 Marks Question 1: Calculate the following: (i) What is the maturity date of a bill drawn on 12.1.2020 for a period of 120 days? (1.5 marks) (ii) The following information is provided to you: Accounts receivable: OMR 200,000 % of un-collectible: 5% Previous AFDA balance: OMR 5,000 (Dr) Required: Calculate the new AFDA balance (1.5 marks)

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