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Question 18 Not yet answered Marked out of 0.50 P Flag question Solo traders has the following transactions for the month of February 2019: 9- Goods purchased and paid cash of OMR 2,200 14- Paid Salaries of OMR 800 19- Paid cash of OMR 2,500 to NBO for the payment of loan. Choose the correct answer of Cash payments book balance for the month of February 2019? a. OMR 4,700 O b. OMR 3,000 C. OMR 3,300 O d. OMR 5,500 Question 20 Not yet answered Marked out of 0.50 Flag question In credit terms of 3/15, 20 MFI, the 20 MFI means a. Full payment is due on the 20th of the preceding month following the invoice date O b. Full payment is due on the 20th of the month following the invoice date O c. Full payment is due on the 20th of the next month following the invoice date O d. none of the options Question 21 Not yet answered Marked out of 0.50 P Flag question If the seller is to pay the freight costs of delivering merchandise, the delivery terms are stated as a. FOB destination b. FOB seller C. FOB n/30 d. FOB shipping point Not yet answered Marked out of 0.50 P Flag question Muscat company mart has the following sales transactions for the month of April 2018. April 6 Sold goods on credit to Nizwa mart: 40 Kettles @ OMR 20each 50 electrical equipment @ OMR 15 each Trade discount of 3% and Shipping cost of OMR 350 April 8 Sold goods to JK mart and received cash of OMR 7,500 Calculate the total amount which is transferred to Sales daybook during the month of April 2018? a. OMR 9353.5 O b. OMR 1953.5 c. OMR 1,853.5 O d. OMR 1457.5

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