Carrefour issue its own credit card. The sales manager purchase clothes for his family for 900...
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Carrefour issue its own credit card. The sales manager purchase clothes for his family for 900 using Carrefour credit card on the 1st of April. If Carrefour charge 2% per month on the amount the other party owe them. Prepare the Carrefour journal entry at the end of the month if the amount was not paid until 30th of April. Select one: a. Sales Revenue Receivable O b. Account Account Receivable C. Sales Revenue Account Receivable Interest O d. Receivable Interest Receivable Account Receivable 900 900 900 900 18 882 882 18 Which one of the following statement is right about voucher system: Select one: a. Network of approvals, by accountant staff to check proper disbursement of checks O b. It is a form of authorization prepared for each expenditure c. Network of approvals, by unauthorized individuals to check proper disbursement of checks d. Is an authorization form prepared for some expenditure Sohar Aluminium Company established a petty cash fund of RO 5,700 on January 1st. Assume that on January 21, Sohar Aluminium petty cash custodian requests a check for RO4,120. The fund contains RO 1500 cash and petty cash receipts for cleaning RO1,700, Product delivery RO 1,350, and Petrol expenses RO1,070. The general journal entry to record the checking transaction is: Select one: a. Cash expenses expenses b. Cleaning expenses Delivery expenses Petrol expenses Cash C. Cash expenses Cleaning Delivery Petrol expenses expenses Cleaning Delivery Petrol expenses Cash over and short d. Cleaning expenses Delivery expenses Petrol expenses Cash Over and Short Cash 4120 1700 1350 1070 1700 1350 1070 4120 5700 1700 1350 1070 80 1700 1350 1070 80 5700 Carrefour issue its own credit card. The sales manager purchase clothes for his family for 900 using Carrefour credit card on the 1st of April. If Carrefour charge 2% per month on the amount the other party owe them. Prepare the Carrefour journal entry at the end of the month if the amount was not paid until 30th of April. Select one: a. Sales Revenue Receivable O b. Account Account Receivable C. Sales Revenue Account Receivable Interest O d. Receivable Interest Receivable Account Receivable 900 900 900 900 18 882 882 18 Which one of the following statement is right about voucher system: Select one: a. Network of approvals, by accountant staff to check proper disbursement of checks O b. It is a form of authorization prepared for each expenditure c. Network of approvals, by unauthorized individuals to check proper disbursement of checks d. Is an authorization form prepared for some expenditure Sohar Aluminium Company established a petty cash fund of RO 5,700 on January 1st. Assume that on January 21, Sohar Aluminium petty cash custodian requests a check for RO4,120. The fund contains RO 1500 cash and petty cash receipts for cleaning RO1,700, Product delivery RO 1,350, and Petrol expenses RO1,070. The general journal entry to record the checking transaction is: Select one: a. Cash expenses expenses b. Cleaning expenses Delivery expenses Petrol expenses Cash C. Cash expenses Cleaning Delivery Petrol expenses expenses Cleaning Delivery Petrol expenses Cash over and short d. Cleaning expenses Delivery expenses Petrol expenses Cash Over and Short Cash 4120 1700 1350 1070 1700 1350 1070 4120 5700 1700 1350 1070 80 1700 1350 1070 80 5700
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