Question: Please don't show any calculation or explianation just choose the correct answer of all the above questions. I will give you upvote Question 11 Not








Please don't show any calculation or explianation just choose the correct answer of all the above questions. I will give you upvote
Question 11 Not yet The list price of an air conditioner is OMR 250. If manufacturer sells this product to a retailer for list price less 15% discount, what will be the amount of account receivable to be recorded by the manufacturer? answered Marked out of 0.50 O a. OMR 250 P Flag question O b. OMR 37.50 . OMR 287.50 O d. OMR 212.50 Question 12 Identify the transactions for which payment cannot be made using petty cash fund. Not yet answered Marked out of 0.50 O a. Staff refreshments O b. Short term loan to employees O c. Taxi fare P Flag question od Postage stamps Question 13 How travel cheques granted to employees are to be classified? Not yet answered Marked out of 0.50 O a. Only as receivables O b. As receivables or prepaid expenses . As cash Flag question O d. Only as prepaid expenses Question 14 Not yet A bank deducted OMR 50 from the customer's account as a bank charge and customer noticed this only on the receipt of bank statements. How to reconcile this item in the bank reconciliation statement? answered Marked out of 0.50 P Flag question O a. Add to the bank statement balance O b. Deduct from the bank statement balance O c. Add to the cash book balance O d. Deduct from the cash book balance Question 15 Not yet What do you call for the discrepancies between cash book balance and balance as per bank statement? answered Marked out of 0.50 ^ P Flag question O a. Balancing items O b. Closing items O c. Opening items O d. Reconciling items Question 16 Not yet At the end of a year, company has balance of OMR 100,000 in accounting receivables and OMR 2,000 credit balance in allowance for doubtful account. If 3% of accounts receivables are estimated as uncollectible, determine the amount of allowance to be created further. answered Marked out of 0.50 O a. OMR 3,000 P Flag question O b. OMR 600 OC. OMR 2,000 O d. OMR 1,000 Question 17 Which of the following is not reconciliation item? Not yet answered Marked out of 0.50 O a. Bank charges O b. Deposit in transit OC. Dividend collected by the bank O d. Drawings P Flag question Question 18 Not yet Which of the following forms the theoretical basis for determining which events should be accounted for, how they should be measured and how they should be communicated to the user? answered Marked out of 0.50 O a. Flag question International financial reporting standards O b. Conceptual framework Oc. All the options O d. Bank reconciliation statement
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