Question: JUST NEED OPTION no need explain NO need for explanation i will rate you Question 31 Not yet answered Marked out of 1.00 p Flag
JUST NEED OPTION
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Question 31 Not yet answered Marked out of 1.00 p Flag question of Owner's equity is OMR 300,000 and liabilities are 40% of Owner's equity, then the value of assets will be O a OMR 300,000 O b. OMR 420,000 O COMR 120.000 d. OMR 180,000 Question 33 Not yet answered Marked out of 1.00 p Flag question in which form of business organizations owners are entitled to get dividend as return on their shareholding? a. Partnership O b. Sole proprietorship OcJoint Ventures O d. Corporation Question 32 Not yet answered Marked out of 1,00 p Flag question What is the effect on total ASSET when building purchased for OMR 50,000? O a. Increase OMR 50.000 and Decrease OMR 50.000 b. Decrease OMR 50,000 only O c Effect in equity only OMR 50,000 O d. Increase OMR 50,000 only Question 34 Not yet answered Marked out of 1.00 p Flag question The loan which are to be repaid within a short period (a year or less) are referred to as: a. Contingent liabilities O b. Long-term liabilities O c. Fixed liabilities O d. Current Liabilities Question 35 Naty Marked out of 100 Prag question Mr. Shabib is a sole trader. He has withdrawn cash OMR 2.000 from the business to buy a laptop for his son. Which of the following will be the impact of it according to double entry rule? a increase in capital and decrease in asset b. Increase in capital and increase in asset Decrease in capital and decrease in asset Od. Decrease in capital and increase in asset Previous at po
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