Which of the following errors will not affect the Trial balance? a. Wrong balancing of an account b. Wrong totaling of an account c. Omitting one aspect of account d. Omitting two aspect of account

Which of the following will be the Correct source document assuming that your business issued invoices to customers each day? a. Debit note b. Receipt c. Purchase invoice d. Sales invoice

The business had 400 units in inventory at 1st March 2019 valued at RO 40. On 10th March Purchase made 800 units at RO 60 each. On 31st March Sales made 600 units at RO 80 each. What will be the cost of goods sold value at the end of March 2019 assuming that the business uses FIFO method? a. OMR 32,000 b. OMR 64,000 c. OMR 28,000 d. OMR 36,000

The trading results of a Merchandise trader is as follows: Net Sales OMR 100,000, Cost of Goods sold OMR 70,000, Interest expenses OMR 16,000, Salesman salary OMR 12,800, Office supplies expenses OMR 16,200, Marketing expense OMR 11,500, Insurance expenses OMR 3,500, What will be the total operating expenses assuming that the business follows Multi-Step Income Statement? a. OMR 44,000 b. OMR 28,000 c. OMR 130,000 d. OMR 60,000