Q1 On 1.1.2019 Dhofar company bought the car for OMR 15000. The expected useful life of the car is 5 years. The Adjusting entry of depreciation is Select one: O a. Date Particulars Debit Credit |(OMR) (OMR) 15000 Depreciation 12 Expense 31 15000 Accumulated depreciation O b. Date Particulars Debit Credit (OMR) (OMR) 15000 Accumulated 12 depreciation 31 15000 Depreciation Expense С. Date Particulars Debit Credit (OMR) (OMR) 31 3000 Depreciation 12 Expense 3000 Accumulated depreciation d. Date Particulars Debit Credit (OMR) (OMR) 31 Accumulated 12 depreciation 5000 5000 Depreciation Expense

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Q1 On 1.1.2019 Dhofar company bought|
the car for OMR 15000. The expected
useful life of the car is 5 years. The
Adjusting entry of depreciation is
Select one:
O a.
Date Particulars
Debit Credit
(OMR) (OMR)
15000
Depreciation
12 Expense
31
15000
Accumulated
depreciation
b.
Debit Credit
(OMR) (OMR)
15000
Date Particulars
31
Accumulated
12 depreciation
15000
Depreciation
Expense
С.
Debit Credit
(OMR) (OMR)
Date Particulars
31
Depreciation
12 Expense
3000
3000
Accumulated
depreciation
d.
Debit Credit
(OMR) (OMR)
5000
Date Particulars
31
Accumulated
12 depreciation
5000
Depreciation
Expense
Transcribed Image Text:Q1 On 1.1.2019 Dhofar company bought| the car for OMR 15000. The expected useful life of the car is 5 years. The Adjusting entry of depreciation is Select one: O a. Date Particulars Debit Credit (OMR) (OMR) 15000 Depreciation 12 Expense 31 15000 Accumulated depreciation b. Debit Credit (OMR) (OMR) 15000 Date Particulars 31 Accumulated 12 depreciation 15000 Depreciation Expense С. Debit Credit (OMR) (OMR) Date Particulars 31 Depreciation 12 Expense 3000 3000 Accumulated depreciation d. Debit Credit (OMR) (OMR) 5000 Date Particulars 31 Accumulated 12 depreciation 5000 Depreciation Expense
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