Al Karma Traders purchased office furniture and air conditioners for OMR 1,500. They paid cash OMR 1000
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Question:
Al Karma Traders purchased office furniture and air conditioners for OMR 1,500. They paid cash OMR 1000 and agreed to balance OMR 500 later. The market value of the items purchased is OMR 1,750. What is the value at which this purchase to be recorded in the accounting records of Al Karama?
a.
OMR 1,000
b.
OMR 1,750
c.
OMR 500
d.
OMR 1,500
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