Question: Please answer all the question Question 29 Profit is earned on sale of asset when. Not yet answered Marked out of 1.00 P Flag question



Question 29 Profit is earned on sale of asset when. Not yet answered Marked out of 1.00 P Flag question a. Sale price is less than Accumulated Depreciation O b. Sale price is more than book value O Sale price is more than Accumulated Depreciation Od Sale price is less than book value On 5th october 2020 mazoon lic has accepted a note receivable from one of the accounts receivables. The maturity period is three months. The maturity date will be. Question 30 Not yet answered Marked out of 1.00 Flag question O a. 3rd December 2020 O b.5th January 2021 O c. 3rd January 2021 O d. 5th December 2020 Question 26 Not yet answered Marked out of 1.00 Cheque deposited for collection was honoured and recorded properly by the bank wilt O a. Decrease in Cash book balance O b. Increase in Cash book balance. O c. Decrease in Bank book balance. Od. Increase in Bank book balance. Flag question Outition 27 Not yet answered Mars LLC had opening stock of 2000 units value RO 4000. They purchased 2000 units @ RO3 and later on they purchased 2000untis @ RO 4. 4000untis were sold The Cost of goods sold as per Last in First Out method will be: Marked out of 100 Flag question O a RO 8000 O b. RO 12000 OC. RO 10000 d. RO 14000 Question 31 To record uncollectible under the direct write off method the entry is Not yet answered Marked out of 1.00 O a. Allowance for Doubtful Accounts Dr and Uncollectible Accounts Expense Cr O b. Accounts Receivable Dr and Uncollectible Accounts Expense C O c. Uncollectible Accounts Expense Dr and Accounts Receivable Cr O d. Uncollectible Accounts Expense Dr and Allowance for Doubtful Accounts Flag question Question 32 Not yet answered Marked out of 1.00 ABC LLC started a petty cash fund with opening balance of RO 500. During the month the receipts were RO 145 petrol, 75 office stationery, RO125 staff welfare and 85 travelling and there was RO 65 left in the petty cash box. How much is the amount required to be refill in the petty cash fund? Flag question O a. RO 430 O b. RO 435 O c. RO 425 O d.RO 445 When there is an omission in the information, the information becomes. Questo 24 Not yet answered Marked out of 100 a. Relevant O b. Misleading OC. Irrelevant O d. Useful Flag question Question 25 Which of the following is correct for a conceptual framework? Not yet answered Marked out of 1.00 a. Rule O b. Constitution Oc. Policy O d. Element Flag
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