Azzan Al Badi Trading is a supplier of electrical products to industrial, commercial and residential markets. It has received an order to supply electrical products worth OMR 70,000 in the year 2019. They supplied electrical products worth OMR 40,000 in the year 2020 and electrical products OMR 30,000 were supplied 2021. How much amount will be recorded in the year 2019 if Azzan Al Badi Trading follows realization concept? a. OMR 70,000 b. OMR NIL c. OMR 30,000 d. OMR 40,000
Azzan Al Badi Trading is a supplier of electrical products to industrial, commercial and residential markets. It has received an order to supply electrical products worth OMR 70,000 in the year 2019. They supplied electrical products worth OMR 40,000 in the year 2020 and electrical products OMR 30,000 were supplied 2021. How much amount will be recorded in the year 2019 if Azzan Al Badi Trading follows realization concept? a. OMR 70,000 b. OMR NIL c. OMR 30,000 d. OMR 40,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Azzan Al Badi Trading is a supplier of electrical products to industrial, commercial and residential markets. It has received an order to supply electrical products worth OMR 70,000 in the year 2019. They supplied electrical products worth OMR 40,000 in the year 2020 and electrical products OMR 30,000 were supplied 2021. How much amount will be recorded in the year 2019 if Azzan Al Badi Trading follows realization concept?
a.
OMR 70,000
b.
OMR NIL
c.
OMR 30,000
d.
OMR 40,000
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