Q1 On 1.1.2019 Dhofar company bought|the car for OMR 15000. The expecteduseful life of the car is 5 years. TheAdjusting entry of depreciation isSelect one:O a.Date ParticularsDebit Credit(OMR) (OMR)15000Depreciation12 Expense3115000Accumulateddepreciationb.Debit Credit(OMR) (OMR)15000Date Particulars31Accumulated12 depreciation15000DepreciationExpenseС.Debit Credit(OMR) (OMR)Date Particulars31Depreciation12 Expense30003000Accumulateddepreciationd.Debit Credit(OMR) (OMR)5000Date Particulars31Accumulated12 depreciation5000DepreciationExpense

Name: Q1 On 1.1.2019 Dhofar company bought|the car for OMR 15000. The expec
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Description: Q1 On 1.1.2019 Dhofar company bought|the car for OMR 15000. The expecteduseful life of the car is 5 years. TheAdjusting entry of depreciation isSelect one:O a.Date ParticularsDebit Credit(OMR) (OMR)15000Depreciation12 Expense3115000Accumulateddeprec

Depreciation is the reduction in the value of an asset due to its erosion or obsolescence. An asset…

Business

Accounting

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

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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