On November 30 Oman company purchased goods worth US$ 20,000 from United states Co., on a two month credit terms. Oman company accounts closed the as usual financial year. Nov 1 - 2.63 OMR Dec 30 - 2.86 OMR Jan 30 -2.90 OMR How much will pay the Oman Co., on that financial year. Select one: a. OMR 63,000 b. OMR 52,600 c. OMR 58,000 d. OMR 57,200

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 11EB: Whole Leaves wants to upgrade their equipment, and on January 24 the company takes out a loan from...
icon
Related questions
Topic Video
Question
On November 30 Oman company purchased goods worth
US$ 20,000 from United states Co., on a two month credit
terms. Oman company accounts closed the as usual
financial year.
Nov 1 -2.63 OMR
Dec 30 - 2.86 OMR
Jan 30 -2.90 OMR
How much will pay the Oman Co., on that financial year.
Select one:
a. OMR 63,000
b. OMR 52,600
c. OMR 58,000
d. OMR 57,200
Transcribed Image Text:On November 30 Oman company purchased goods worth US$ 20,000 from United states Co., on a two month credit terms. Oman company accounts closed the as usual financial year. Nov 1 -2.63 OMR Dec 30 - 2.86 OMR Jan 30 -2.90 OMR How much will pay the Oman Co., on that financial year. Select one: a. OMR 63,000 b. OMR 52,600 c. OMR 58,000 d. OMR 57,200
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Accounting Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Century 21 Accounting General Journal
Century 21 Accounting General Journal
Accounting
ISBN:
9781337680059
Author:
Gilbertson
Publisher:
Cengage
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,