choose the correct answer

I only need the answer without explanation.

Give me the question number and the answer, please.

10

Carefully analyze the following account balances extracted from the books of Mr. Basim and answer the questions below:

Name of the accounts	Amount (OMR)
Capital	100,000
Discount paid	20,000
Salaries	16,000
Sales	60,000
Equipment	104,000
Long term liabilities	20,000
Cash	40,000

Q1. Which all accounts from the above schedule will have a debit balance?

A\ Long term liabilities, Discount paid, Equipment, Cash

B\ Salaries, Discount paid, Equipment, Cash

C\ Salaries, Equipment, Cash

D\ Salaries, Discount paid, Equipment, Capital

Q2. Which all accounts from the above schedule will have a credit balance?

A\ Capital, Discount paid, Long term liabilities

B\ Capital, Sales, Equipment

C\ Capital, Sales, Cash

D\ Capital, Sales, Long term liabilities

Q3. What is the total of debit and credit columns of the trial balance the trial balance?

A\ OMR 100,000

B\ OMR 190,000

C\ OMR 180,000

D\ OMR 170,000

11

Mr. Ahmed is the accountant of Global company. He is responsible for all the accounting activities in the company.

Q1. Ahmed keeps a book in the company where all the accounts related to different items are maintained. This book is called:

A\ Trial Balance

B\ Statement of Equity

C\ Ledger

D\ Journal

Q2. Ahmed does posting as a part of his accounting activities. What is posting?

A\ Transferring account balances to Statement of financial position

B\ Transferring account balances to trial balance

C\ Transferring the entries recorded in the journal to the respective accounts opened in ledger.

D\ Transferring account balances to Statement of income

12

Consider the following data?

Asset	Liability	Capital
OMR 100,000	A?	OMR 60,000
OMR B?	OMR 50,000	OMR 90,000
OMR 200,000	OMR 100,000	OMR 100,000

Q1. What will be the liability amount in A?

A\ OMR 40,000

B\ OMR 60,000

C\ OMR 50,000

D\ OMR 100,000

Q2. What will be the Asset amount in B?

A\ OMR 140,000

B\ OMR 90,000

C\ OMR 50,000

D\ OMR 100,000