Assume that Mr Khalifa took a Machinery from Mr Mustafa on lease for five years.As per the agreement, Mr Khalifa should pay OMR 1000 to Mr Mustafa and the repairs of the machinery only done by the Mr Khalifa during the lease period.The amount paid by Khalifa is known as _____________ a. Tax b. Interest c. Commission d. Lease payment
Assume that Mr Khalifa took a Machinery from Mr Mustafa on lease for five years.As per the agreement, Mr Khalifa should pay OMR 1000 to Mr Mustafa and the repairs of the machinery only done by the Mr Khalifa during the lease period.The amount paid by Khalifa is known as _____________ a. Tax b. Interest c. Commission d. Lease payment
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Assume that Mr Khalifa took a Machinery from Mr Mustafa on lease for five years.As per the agreement, Mr Khalifa should pay OMR 1000 to Mr Mustafa and the repairs of the machinery only done by the Mr Khalifa during the lease period.The amount paid by Khalifa is known as _____________
a.
Tax
b.
Interest
c.
Commission
d.
Lease payment
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