The business made a sale of OMR 2100 (cost was OR 18000), on credit basis. Theeffect on Account Receivable will be : What would be the effect on a businessprofit, which has been calculated takingclosingstock value less by OMR 1000 than itsactual amount?

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The business made a sale of OMR 21000 ( cost was OR 18000), on credit basis. The effect on Account Receivable will be :

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

The business made a sale of OMR 2100 (
cost was OR 18000), on credit basis. The
effect on Account Receivable will be :

What would be the effect on a business
profit, which has been calculated taking
closing
stock value less by OMR 1000 than its
actual amount?

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