MCQS Answer all questions (10 x 1 marks = 10 marks) Client Sultan pays Amwaj Co. OMR 1,000 in December for Amwaj to perform services for Ahmed in 45 days. Amwaj uses the accrual basis of accounting. In December Amwaj will debit Cash for OMR 1,000, What will be the other account involved in the December accounting entry prepared by Amwaj (and what type of account is it? Acest Bohet Fred Series 2. Sohar Co. has current assets of OMR 50,000 and total assets of OMR 150,000. Sohar has current liabilities of OMR 30,000 and total liabilities of OMR 80,000. What is the amount of Sohar's owner's equity? OMR 20.00 OMR 0:00 OMR2,000 3- OMR 120.00 For information to be relevant, it has to possess: Only predicted Only confirmate hue ter predicte confermato + Which statement is included in the Conceptual Framework? Reine web Charities weer All of the following are objectives of financial reporting except to provide information The set in meet and code them That which w About pets. The Conceptual Framework defines an asset as A record by the city all of the which futte come here w they right side * Which is an example of a cash flow from an operating activity? Becepe o contra de sale of capital cathe above Free cash flow provides an indication of a company's ability to