choose the correct answer

I only need the answer without explanation.

Give me the question number and the answer, please.

13

Mohammed started his company with OMR 25,000 which sells food stuffs. The company 120 employees. He normally buys the raw materials for production both on cash and credit from Mr. Ahmed and company, Muscat. The companys financial statements are prepared every year without fail.

Q1. If Mohammed buys raw materials on cash, it is called:

A/ Credit sales

B\ Credit purchase

D\ Cash Purchase

D\ Cash Sales

Q2. If Mohammed sells products on credit, it is called:

A\ Cash purchase

B\ Cash sales

C\ Credit sales

D\ Credit Purchase

14

Mr. A provided the following information from his books of accounts at the end of the month.

Particulars	OMR
Cash	2,000
Account receivable	500
Account payable	200
Bank loan	1,000

Q1. What is the amount of his capital?

A\ OMR 700

B\ OMR 500

C\ OMR 2000

D\ OMR 1300

Q2. What is the amount of his Asset?

A\ OMR 1500

B\ OMR 200

C\ OMR 700

D\ OMR 2500

15

On January 3, Omar Company sold goods for OMR 2,000 to customer, received OMR 1,500 Cash.

Q1. What is the amount of his Account Receivable?

A\ OMR 2000

B\ OMR 1500

C\ OMR 500

D\ OMR 2500

Q2. What is the Credit account?

A\ Sales A/c OMR 2000

B\ Cash A/c OMR 1500

C\ Cash A/c OMR 2500

D\ Goods Revenue A/c OMR 500

Q3. Cash account should be?

A\ Credited by OMR 500

B\ Debited by OMR 1500

C\ Debited by OMR 500

D\ Credited by OMR 1500