Sohar mart purchased a Machinery of RO 55,400 and paid cash on 17th May 2018 and this

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Sohar mart purchased a Machinery of RO 55,400 and paid cash on 17th May 2018 and this transaction is omitted from the books of account. Which of the following entry is used to rectify this error of the above business?

a. Machinery RO 55,400 Dr / Account payable RO 55,400 Cr

b. Account payable RO 55,400 Dr/ Machinery RO 55,400 Cr

c. Cash RO 55,400 Dr / Equipment RO 55,400 Cr

d. Machinery RO 55,400 Dr / Cash RO 55,400 Cr

Related Book For answer-question

Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: Jun 04, 2022 04:49 AM

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Sohar mart purchased a Machinery of RO 55,400 and paid cash on 17th May 2018 and this

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Answer1 Optionb is the correct answer Machinery RO 55400 Dr C... View the full answer

Intermediate Accounting IFRS

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