The Material Supplies account at Dar Al Fatina shows the following transactions: Material supplies purchased for cash
Question:
The Material Supplies account at Dar Al Fatina shows the following transactions: Material supplies purchased for cash AED1,000, additional supplies purchased for cash AED500, material supplies purchased on account AED3,500. Dar Al Fatina paid AED1,000 of the accounts payable. What is the Material Supplies account balance?
a. AED4,000
b. AED1,500
c. AED6,000
d. AED5,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Principles Of Islamic Accounting
ISBN: 9781119023296
1st Edition
Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim
Question Posted: