FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Q17
Electrical fittings
2,500
Outstandin
Source of funds
Net assets
OMR 32,000
None of these
OMR 31,500
OMR 58.500
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Transcribed Image Text:Electrical fittings 2,500 Outstandin Source of funds Net assets OMR 32,000 None of these OMR 31,500 OMR 58.500
Calculate Source of Fund, Net assets from the information given below:
Particulars
OMR
Particulars
OMR
Share capital
60,000
Capital reserve
2,500
Bank
22,500
General reserve
22,500
Creditors
32,500
Loans to other companies
27,000
Borrowings
5,000
Agents balance
27,500
Provision for doubtful
500
Debtors
11,500
debt
Electrical fittings
2,500
Outstanding premium
3,000
Source of funds
OMR 90,000
None of these
OMR 85,000
OMR 87,500
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Transcribed Image Text:Calculate Source of Fund, Net assets from the information given below: Particulars OMR Particulars OMR Share capital 60,000 Capital reserve 2,500 Bank 22,500 General reserve 22,500 Creditors 32,500 Loans to other companies 27,000 Borrowings 5,000 Agents balance 27,500 Provision for doubtful 500 Debtors 11,500 debt Electrical fittings 2,500 Outstanding premium 3,000 Source of funds OMR 90,000 None of these OMR 85,000 OMR 87,500
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