Suppose you are the accountant of Al Nabha Service LLC, the Company has consulting project with a large client Muscat Transport, the client billed OMR 75000 to Al Nabha for the year 2019. Since the agreement only allows for billing at the end of the project. The payment received for the year 2019 was only OMR 46000. The balance OMR 29000 will be received in 2020.What is the accounting treatments in 2019? Answer the following Questions (1 mark each) a. Name the adjusting entry related to this transaction and pass entry to record the transaction? b. How will you define this adjusting entry in a single sentence? c. Which accounting concept is most applicable to this adjusting entry d. How this amount is to be shown in balance sheet/ Income statement? e. How it will affect the financial statements if this entry is not passed?