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Question 11 Not yet answered Marked out of 1 nag question What is the adjusting entry required for Prepaid Insurance on 31st December 2019 for
Question 11 Not yet answered Marked out of 1 nag question What is the adjusting entry required for Prepaid Insurance on 31st December 2019 for the following situation? Business purchased an insurance policy of OMR 1.800 for full one year on ist December 2019 a. Debit Insurance Expenses OMR 150 Credit Prepaid Insurance OMR 150 b. None of these c. Debit Insurance Expenses OMR 600 Credit Prepaid Insurance OMR 600 od Debit Insurance Expenses OMR 1200 Credit Prepaid Insurance OMR 1200 Question 12 Not yet answered Marked out of Fog question Balance b/d on the credit side of a ledger account means a. None of these b. Debit side amount is bigger than Credit side c. Both Debit side amount and Credit side amounts are equal od Credit side amount is bigger than Debit side Question 13 Not yet answered Marked out of 1 Hagestion Ascertain the total of the Unadjusted Trial Balance from the following ledger account balances Cash Account (or Bal) 8,200 Equipment (Dr. Bal)2,100 Accounts Payable(Cr. Bal)4,900 Salary expenses (Dr. Bal},400 Accounts Receivable(Dr.3,200 Capital (Cr. Baly10,000 Bol) a. None of these b. OMR 29,800 OC. OMR 19,800 O d. OMR 14,900
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