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The trading results of a Merchandise trader is as follows: Net Sales OMR 150,000, Cost of Goods sold OMR 90,000, Interest expenses OMR 16,000, Salesman
The trading results of a Merchandise trader is as follows: Net Sales OMR 150,000, Cost of Goods sold OMR 90,000, Interest expenses OMR 16,000, Salesman salary OMR 24,000, Rent expense for the office OMR 2,200, Marketing expense OMR 9,500, Insurance expenses OMR 300, What will be the Office expenses assuming that the business follows Multi-Step Income Statement?
a.
OMR 2500
b.
OMR 24,000
c.
OMR 18500
d.
OMR 36,000
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