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FINAL EXAM (page T o m sct.edu.om/elearning/mod/q TAS - Salalah - ELearning Question 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? Not yet onswered Marked 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 Receivable 38,000 Od. Debit A/c Receivable 6,000; Credit Sales returns and allowance 6,000 P Flag question Question 9 Not yet answered Dohfar 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 reconciliatian statement? Marked out af O a As an Unpresented cheque added to the bank statement balance o b. As an Uncredited deposit added to the bank statement balance P Flog question O . As an Unpresented cheque deducted from the bank statement balance O d. As an Uncredited deposit deducted from the bank statement balance Question 10 Which of the following is nomally treated as a contingent liability? Not yat answorad O a. clams for damages by a customer, where the reporting company believes the customer will be unsuccessful O b. none of these Markod out of F Flog quastion O c the corporation tax liability for the reporting period O d an electricity bill lor the final quarter of the reporting perlod that has not been received by the year-end Next page AFR 4) W DELL F1 F3 F4 FS F6 F7 F8 F9 F10 F11 GLIO 144 % 50 & 3r 48 7V 99 W T

FINAL EXAM (page T o m sct.edu.om/elearning/mod/q TAS - Salalah - ELearning Question 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? Not yet onswered Marked 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 Receivable 38,000 Od. Debit A/c Receivable 6,000; Credit Sales returns and allowance 6,000 P Flag question Question 9 Not yet answered Dohfar 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 reconciliatian statement? Marked out af O a As an Unpresented cheque added to the bank statement balance o b. As an Uncredited deposit added to the bank statement balance P Flog question O . As an Unpresented cheque deducted from the bank statement balance O d. As an Uncredited deposit deducted from the bank statement balance Question 10 Which of the following is nomally treated as a contingent liability? Not yat answorad O a. clams for damages by a customer, where the reporting company believes the customer will be unsuccessful O b. none of these Markod out of F Flog quastion O c the corporation tax liability for the reporting period O d an electricity bill lor the final quarter of the reporting perlod that has not been received by the year-end Next page AFR 4) W DELL F1 F3 F4 FS F6 F7 F8 F9 F10 F11 GLIO 144 % 50 & 3r 48 7V 99 W T

FINANCIAL ACCOUNTING
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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FINAL EXAM (page T o m sctedu.om/elearning/mod/a TAS - Salalah - ELearning Question 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? Not yet answered Marked 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 Receivable 38,000 Od. Debit A/c Receivable 6,000; Credit Sales returns and allowance 6,000 P Flag question Question 9 Not yet answered Dohfar 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 reconciliatian statement? Marked out af O a As an Unpresented cheque added to the bank statement balance o b. As an Uncredited deposit added to the bank statement balance P Flog question O C As an Unpresented cheque deducted from the bank statement balance O d. As an Uncredited deposit deducted from the bank statement balance Question 10 Which of the following is nomally treated as a contingent liability? Not yut answorad O a. clams for damages by a customer, where the reporting company believes the customer will be unsuccessful O b. none of these Markod out of P Flog quastion Oc the corporation tax liability for the reporting period O d an electricity bill lor the final quarter of the reporting perlod that has not been received by the year-end Next page AFR 4) W DELL F1 F3 F4 FS F6 F7 F8 F9 F10 F11 GLIO 144 % 50 & 3r 48 7 V 99 W E· T
Transcribed Image Text:FINAL EXAM (page T o m sctedu.om/elearning/mod/a TAS - Salalah - ELearning Question 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? Not yet answered Marked 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 Receivable 38,000 Od. Debit A/c Receivable 6,000; Credit Sales returns and allowance 6,000 P Flag question Question 9 Not yet answered Dohfar 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 reconciliatian statement? Marked out af O a As an Unpresented cheque added to the bank statement balance o b. As an Uncredited deposit added to the bank statement balance P Flog question O C As an Unpresented cheque deducted from the bank statement balance O d. As an Uncredited deposit deducted from the bank statement balance Question 10 Which of the following is nomally treated as a contingent liability? Not yut answorad O a. clams for damages by a customer, where the reporting company believes the customer will be unsuccessful O b. none of these Markod out of P Flog quastion Oc the corporation tax liability for the reporting period O d an electricity bill lor the final quarter of the reporting perlod that has not been received by the year-end Next page AFR 4) W DELL F1 F3 F4 FS F6 F7 F8 F9 F10 F11 GLIO 144 % 50 & 3r 48 7 V 99 W E· T
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