E-max sold Dishwashers on credit, worth OMR 55,000 to customers, out of these Dishwashers customers return damaged Dishwashers for OMR 6,000. Record the entry for the Dishwashers returned? O a. Debit Sales retuns and allowance 6,000; Credit A/c Receivable 6,000 O b. Debit Accounts recelvable 55,000; Credit Refrigerators 55,000 O C. Debit Bad debts expense 38,000; Credit A/c Recelvable 38,000 O d. Debit A/c Receivable 6,000; Credit Sales returns and allowance 6,000
E-max sold Dishwashers on credit, worth OMR 55,000 to customers, out of these Dishwashers customers return damaged Dishwashers for OMR 6,000. Record the entry for the Dishwashers returned? O a. Debit Sales retuns and allowance 6,000; Credit A/c Receivable 6,000 O b. Debit Accounts recelvable 55,000; Credit Refrigerators 55,000 O C. Debit Bad debts expense 38,000; Credit A/c Recelvable 38,000 O d. Debit A/c Receivable 6,000; Credit Sales returns and allowance 6,000
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 1PA: Record journal entries for the following transactions of Furniture Warehouse. A. Aug. 3: Sold 15...
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Question
Transcribed Image Text:on 8
E-max sold Dishwashers on credit, worth OMR 55,000 to customers, out of these Dishwashers customers return damaged Dishwashers
for OMR 6,000. Record the entry for the Dishwashers returned?
red
d out of
O a. Debit Sales returns and allowance 6,000; Credit A/c Recelvable 6,000
O b. Debit Accounts recelvable 55,000; Credit Refrigerators 55,000
O C. Debit Bad debts expense 38,000; Credit A/c Recelvable 38,000
ion
O d. Debit A/c Receivable 6,000; Credit Sales returns and allowance 6,000
tion 9
ret
vered
Dohtar Power Company issues a cheque of OMR 10,000 to its supplier, but this was not shown on bank statement. How is this OMR 10,000
shown on bank reconciliation statement?
ced out of
O a. As an Unpresented cheque added to the bank statement balance
O b, As an Uncredited deposit added to the bank statement balance
ag
stion
O C. As an Unpresented cheque deducted from the bank statement balance
O d. As an Uncredited deposit deducted from the bank statement balance
estion 10
Which of the following is normally treated as a contingent liability?
t yet
swered
Oa claims for damages by a customer, where the reporting company believes the customer will be unsuccessful
arked out of
O b. none of these
Flag
Jostion
O c. the corporation tax liability for the reporting period
O d. an electricity bill for the final quarter of the reporting period that has not been received by the year-end
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