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Back Review Question 3 Not answered Marked out of 1

Accounting

Back Review Question 3 Not answered Marked out of 1.00 State the increase decrease of stock of goods (Inventory) in the following situations: Increase / Decrease Stock (inventory)? Situation Bought goods Sold goods Returns inwards of goods Returns outwards of goods Back Review Question 2 Not answered Marked out of 1.00 Complete the following table: Account to be: Debited Credited SI No. Transactions A) Bought equipments on time from Amazon Ltd B) Sold a car on time to Ms. Noor . OMANTEL 4G 11:05 AM 60% Back Review Torma UN. Mr. Hamed has started a business as sole proprietorship on 1st Jan-2021. The business buys computers from Amazon Ltd, Dubai, UAE and sells them in Oman. The business has many customers. Among them, Mr. Salim who is one of the main customers. The business has the following items as on 31st Jan 2021: Items OMR Car 9000 Premises 50000 Loan to Mr. Ali 1000 Loan from Bank Muscat 20000 Stock (inventory) 13000 Amazon Ltd 25000 Mr. Salim 8000 Capital ? Loan from Mr. Mohammed 5000 Office supplies 10000 Van 20000 Mortgage on premises 20000 Cash at bank 14000 623 III =

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