11th -Which of the following is included in financial expenses? a)661 Long Term Borrowing Expenses Hs. B)656 Foreign Exchange Losses Hs. NS)654 Provision Expenses Hs. D)621 Cost of Goods Sold Hs. TO)680 Non-Working Part Expenses and Losses Hs.

financial expenses They are the expenses incurred as a result of borrowing money from creditors or…

Answered: 11th - Which of the following is…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 20MC: Which of the following is a measurement of earnings that represents the profit before interest,...

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11th -

Which of the following is included in financial expenses?

a)	661 Long Term Borrowing Expenses Hs.

B)	656 Foreign Exchange Losses Hs.

NS)	654 Provision Expenses Hs.

D)	621 Cost of Goods Sold Hs.

TO)	680 Non-Working Part Expenses and Losses Hs.

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44- Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000, Rent received OMR 20000, Salaries OMR 10000, Insurance OMR 6000 and Depreciation OMR 8000. a. OMR 64000 b. OMR 70000 c. OMR 56000 d. OMR 60000
29 - Which is operating expense?A) 632. General Administrative ExpensesB) 689. Other Extraordinary Expenses and LossesC) 657. Rediscount Interest ExpensesD) 660. Short Term Borrowing ExpensesE) 654. Provision Expenses
7 - Which account is wrong to use in the above record ? a) 643 Commission Income Hs. B) 600 Domestic Sales Hs. NS) 642 Interest Income Hs. D) 680 Non-Working Part Expenses and Losses Hs. TO) 679 Other Extraordinary Income and Profits Es.
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What amount should be reported as cost of goods sold for the current year? a. 9,950,000 b. 9,550,000 c. 9,250,000 d. 9,150,000
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11th - Which of the following is included in financial expenses? a) 661 Long Term Borrowing Expenses Hs. B) 656 Foreign Exchange Losses Hs. NS) 654 Provision Expenses Hs. D) 621 Cost of Goods Sold Hs. TO) 680 Non-Working Part Expenses and Losses Hs.

11th -

Which of the following is included in financial expenses?