choose the correct answer

I only need the answer without explanation.

Give me the question number and the answer, please.

4

From the following statement of changes in Equity, you are required to find the answers of the following questions.

STATEMENT OF CHANGES IN EQUITY

Particulars	Amount
Opening capital	.
Net profit	100000
	340000
Drawings
Owners equity or capital to be transferred to Balance Sheet	310000

Q1. What is the amount of opening capital?

A\ OMR 240,000

B\ OMR 340,000

C\ OMR 120,000

D\ OMR 24,000

Q2, what is the amount of drawings during the year?

A\ OMR 3000

B\ OMR 300,000

C\ OMR 30,000

D\ OMR 13,000

5

Q1. Revenue that has been earned but has not been received are called as:

A\ Sales.

B\ Accrued Revenues

C\ Other Income

D\ Cash A/c

Q2. Which account is not recorded in an adjusting entry?

A\ Owner Account

B\ Debit Account

C\ Credit Account

D\ Cash Account.

6

Sulaiman and his few friends planned to start a company of food stuffs. If they are registered under Oman commercial law their company will be allowed to enter into contracts, to loan and borrow, to sue and be sued, to hire employees and to pay taxes.

Q1. The capital brought in to the business to start the company can be divided into equal units called as:

A\ Shares

B\ Dividend

C\ Debentures

D\ Drawings

Q2. Profit made by the company can be divided among the shareholders of the company called as:

A\ Assets

B\ Liabilities

C\ Dividend

D\ Drawings