Question: Multiple choice Question 9 plag question What is the effect on total ASSET, when building purchased for OMR 50.000 a. Increase OMR 50.000 and Decrease

Multiple choice Question 9 plag question What is the effect on total ASSET, when building purchased for OMR 50.000 a. Increase OMR 50.000 and Decrease OMR 50.000 b. Increase OMR 50.000 only O c Decrease OMR 50.000 only O d. Effect in equity only OMR 50,000 Question 10 Not yet answered Marked out of 1.00 p Flag question Fresh vegetable shop sold goods to Mr. Ahmed on cash it should be CREDITED TO: a. Cash account b. Sales account O c. Bank account d. Purchase account Question 11 Not yet answered Marked out of 1.00 p Flag question Excess of revenue over expense is a. Asset O b. Revenue O c Profit d. Loss Question 12 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 cash account and credit salary account O b. Debit salary account and credit cash account OC Debit revenue account and credit cash account d. Debit salary account and credit sales account

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