Answer Happy

11. What is the maturity date on a bill drawn on 12.2.2020 for 60 days? a) April 11. 2020 b) April 12. 2020 c) April 10. 2020 d) April 13th, 2020 12. What is the interest income calculated on a notes receivable of OMR 42,000 drawn for 92 days during the year 2021 at the rate of 4 % %? a) OMR 501.475 b) OMR 502.849 c) OMR 2.005.902 d) OMR 2,011.397 13. If Ahmed has 2,000 units in stock and 250 units sold on FOB destination is in transit, then what is the amount of Ahmed's stock? a) 2,000 units b) 250 units c) 2,250 units d) 1.750 units 14. The following records were maintained in the books of Ms. Ashwaq: Balance of stock in hand 250 units @ OMR 5 per unit Purchase of stock 200 units @ OMR 4 per unit Purchase of stock 350 units @ OMR 3 per unit. • Stock sold was 450 units. Calculate the balance of units in stock. O a) 450 units b) 400 units c) 350 units d) 800 units 15. We get a commission on the sale of a) Costly goods b) Consigned goods c) Conformed goods d) Created goods IPa