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Question 6 Not yet answered Marked out of 1.00 p Flag question Which of the following is the closing balance of a ledger account which is written at the end of the month? a. Balance F/D O b. Balance B/D OC. Balance C/D O d. Balance E/D Question 7 Not yet answered Marked out of 1.00 p Flag question Choose the right journal entry, when cash OMR 11.500 is paid for salary. a. Debit salary account and credit sales account O b. Debit cash account and credit salary account O Debit revenue account and credit cash account Od Debit salary account and credit cash account Question 8 Not yet answered Marked out of 1.00 p Flag Which of this best explains fixed assets? a. Are amount owed to outsiders b. Are items which will not wear out quickly O c. Are bought to be used for personal purpose d. Are of long life and are not purchased specifically for resale Question 9 Not yet answered M Account Payable is a a. Liability O b. Drawings O c Income O d. Capital Question 10 Not yet answered Marked out of 1,00 p Flag question Calculate the total expenses if, wages are OMR 5.000; salary is OMR 4,000: advertisement is OMR 6,000 and prepaid expense is OMR 10.000. 2. OMR 4,000 O b. OMR 5.000 O COMR 15.000 O d. OMR 10,000 Previous page