Clear my choiceA company purchase supplies and pays OMR 1,300 in cash, the journal entry will include.O a. Debit Supplies OMR 1,300 and credit Accounts Payable OMR 1,300.ofO b. Debit Supplies OMR 1,300 and credit Cash OMR 1,300O c.Debit Accounts Payable OMR 1,300 and credit Supplies OMR 1,300.tionO d. Debit Cash OMR 1,300 and credit Supplies OMR 1,300.True Value is a company providing cleaning services to customers amounting to OMR 4,500 on credit, tjournal entry shall be.Debit Cash OMR 4,500 and credit Service Revenues OMR 4,500.O a.O b. Debit Service Revenues OMR 4,500 and credit Accounts Receivable OMR 4,500.onO c. Debit Service Revenues OMR 4,500 and credit Cash OMR 4,500.Od. Debit Accounts Receivable OMR 4,500 and credit Service Revenues OMR 4,500.Which nf +he following accountc will aot nffoctod whancach ic rocavod from calo mado on 2ccount inhere to search

Journal entries is the first step of recording the transaction. We record journal entries by using…

A company purchase supplies and pays OMR 1,300 in cash, the journal entry will include. O a. Debit Supplies OMR 1,300 and credit Accounts Payable OMR 1,300. O b. Debit Supplies OMR 1,300 and credit Cash OMR 1,300 O C. Debit Accounts Payable OMR 1,300 and credit Supplies OMR 1,300. O d. Debit Cash OMR 1,300 and credit Supplies OMR 1,300. True Value is a company providing cleaning services to customers amounting to OMR 4,500 on credit, journal entry shall be. O a. Debit Cash OMR 4,500 and credit Service Revenues OMR 4,500. O b. Debit Service Revenues OMR 4,500 and credit Accounts Receivable OMR 4,500. c. Debit Service Revenues OMR 4,500 and credit Cash OMR 4,500. O d. Debit Accounts Receivable OMR 4,500 and credit Service Revenues OMR 4,500.

A company purchase supplies and pays OMR 1,300 in cash, the journal entry will include. O a. Debit Supplies OMR 1,300 and credit Accounts Payable OMR 1,300. O b. Debit Supplies OMR 1,300 and credit Cash OMR 1,300 O C. Debit Accounts Payable OMR 1,300 and credit Supplies OMR 1,300. O d. Debit Cash OMR 1,300 and credit Supplies OMR 1,300. True Value is a company providing cleaning services to customers amounting to OMR 4,500 on credit, journal entry shall be. O a. Debit Cash OMR 4,500 and credit Service Revenues OMR 4,500. O b. Debit Service Revenues OMR 4,500 and credit Accounts Receivable OMR 4,500. c. Debit Service Revenues OMR 4,500 and credit Cash OMR 4,500. O d. Debit Accounts Receivable OMR 4,500 and credit Service Revenues OMR 4,500.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1. When posting all transactions to the ledgers, the cash account will show a total amount in the credit side of A. 118,200 B. 362,000 C. 243,800 D. 100,000 2. What is the final balance of the cash account after posting all related transactions to the ledger and after taking the difference between the total debits and credits? A. 243,800 credit balance B. 243,800 debit balance C. 362,000 debit balance D. 362,000 credit balance 3. After posting all related transactions to the ledger, the service revenue account will show a total balance of A. 82,000 debit B. 58,000 debit C. 82,000 credit D. 58,000 credit
Identify the account that is debited, when business makes credit purchases of goods worth OMR 10,000. O a. Revenue account O b. Purchase account O C. Inventory account O d. Goods account
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Do a JOURNAL ENTRY. Make sure they BALANCE Debit = Credit. Write it on word or excel. Thanks. please journalise all related transaction which is required for entry
Make a ledger account with this journal entry.
It is a document received by the business when they purchase a stationery items of OMR 5 and paying cash to the seller: a. Credit note b. Credit invoice c. Receipt d. Debit note Ms. Ameena makes the following journal entry in her business: Debit Accounts receivable Credit Sales Which of the following transaction is Correct for the above journal entry? a. Purchased Merchandise inventory under the credit terms of 2/10, n/30 b. Sold Merchandise inventory under the credit terms of 3/10,n/60 c. Paid Cash to Suppliers d. Returned Merchandise inventory to Supplier Which of the following asset will be called as Non-Current Asset of a Merchandise business? a. Accounts receivable b. Machinery c. Cash at Bank Muscat d. Unsold stocks Mr. Rasool bought Merchandise inventory worth OMR 25,000 for cash. Which books of prime entry will record the transaction? a. Sales journal b. Purchase journal c. Cash disbursement journal d. General journal
Muscat Supplies LLC returned goods worth OMR 2,800. Which books of prime entry will record the above transaction? a. Purchase journal b. Cash disbursement journal c. General journal d. Sales journal
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