question archive Question 14 A bank deducted OMR 50 from the customer's account as a bank charge and customer noticed this only on the receipt of bank statements

Question 14 A bank deducted OMR 50 from the customer's account as a bank charge and customer noticed this only on the receipt of bank statements

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Question 14 A bank deducted OMR 50 from the customer's account as a bank charge and customer noticed this only on the receipt of bank statements. How to reconcile this item in the bank reconciliation statement? Not yet answered Marked out of 0.50 P Flag question O a. Add to the bank statement balance O b. Deduct from the bank statement balance OC. Add to the cash book balance Ohed. Deduct from the cash book balance Question 16 At the end of a year, company has balance of OMR 100,000 in accounting receivables and OMR 2,000 credit balance in allowance for doubtful account. If 3% of accounts receivables are estimated as uncollectible, determine the amount of allowance to be created further. Not yet answered Marked out of 0.50 Flag question O a. OMR 3,000 O b. OMR 600 Oc OMR 2,000 O d. OMR 1,000 Question 20 A company collected OMR 5,000 of account receivables within the discount period. The rate of discount was 1.5%. Choose the correct journal entry to record this transaction. Not yet answered Marked out of 0.50 Flag question O a. Debit Sales Discount OMR 75 and Credit Accounts Receivable OMR 75 O b. None of the options Oc. Debit Cash OMR 4,925, Debit Sales Discount OMR 75 and Credit Accounts receivable OMR 5,000 Od Debit Cash OMR 5,000, and Credit Accounts Receivable OMR 5,000

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