Question: Please I need no details only the correct answer. I beg you Solve them please ASAP. I will upvote for you Question 19 Which of











Please I need no details only the correct answer. I beg you Solve them please ASAP. I will upvote for you
Question 19 Which of the given options is correct about reconciled cash balance? Not yet answered Marked out of 0.50 . It is the balance after adding and subtracting the reconciling items O b. It is the balance before adding and subtracting the reconciling items It is the balance after adding the reconciling items O d. It is the balance after subtracting the reconciling items P Flag question O c. Question 20 Not yet A company collected OMR 5,000 of account receivables within the discount period. The rate of discount was 1.5%. Choose the correct journal entry to record this transaction. answered Marked out of 0.50 P Flag question O a. Debit Sales Discount OMR 75 and Credit Accounts Receivable OMR 75 O b. None of the options OC. Debit Cash OMR 4,925, Debit Sales Discount OMR 75 and Credit Accounts receivable OMR 5,000 O d. Debit Cash OMR 5,000, and Credit Accounts Receivable OMR 5,000 Question 21 Identify example for cash equivalents from the given options Not yet answered Marked out of 0.50 O a. Money market funds O b. Short-term marketable securities Oc. Treasury bills (T-bills) O d. All the options Flag question Question 22 What is the journal entry required when actual bad debts are written off as per allowance method? Not yet answered Marked out of 0.50 P Flag question O a. Debit allowance for bad debts and Credit account receivable O b. Debit bad debt expense and Credit account receivable Debit account receivable and Credit bad debt expense O d. Debit account receivable and Credit allowance for bad debts O C. Question 23 The balance shown by the bank statement should be Not yet answered O a. Same as the cash book balance on the same date Marked out of 0.50 O b. None of the options P Flag question O c. More than the cash book balance on the same date O d. Less than the cash book balance on the same date Question 24 Not yet Which of the following statement is prepared to identify the discrepancies between the cash balance reported on the bank statement and the cash balance reported in a business's cash account in the general ledger? answered Marked out of 0.50 a. Income statement P Flag question O b. Cash book OC. Balance sheet O d. Bank reconciliation Question 25 Which form of bank reconciliations statement is prepared by most of the companies? Not yet answered O a. Reconciles both the bank balance and the book balance to a correct cash balance Marked out of 0.50 P Flag question O b. None of the options Oc. Reconciles from the bank statement balance to the book balance O d. Reconciles from the book statement balance to the bank balance Question 26 Who is responsible to initiate the request for reimbursement of petty cash fund? Not yet answered . Marked out of 0.50 Accountant O b. Petty cash custodian O c. Customer O d. Treasurer's office P Flag question Question 28 Which of the following could be a transaction document for credit sales? Not yet answered O a. Notes receivable Marked out of 0.50 O b. Invoice P Flag question O c. Bills discounted O d. Notes payable 27 Question 29 Not yet All the checks written, and cash deposits are not processed by the bank in the same month that they are recorded by the company. This is an example for which reasons for differences in cash book and bank statement? answered Marked out of 0.50 O a. All the options P Flag question O b. Bank error O c. Timing difference O d. Book errors Question 30 are the entity's present obligations arising from past events, the settlement of which is expected to result in an outflow of resources from the entity. Not yet answered Marked out of 0.50 O a Expenses O b. Income P Flag question O C. Liabilities O d. Assets
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