according to information: Question Liabilities OMR Assets OMR Equity share capital 27,800 Furniture 4,000 Accounts Payable 1,550 Cash in hand 4,500 Reserves and surplus 2,550 Bills receivables 3,750 Bills payable 950 Land 9,000 Long term borrowings 6,520 Marketable securities 850 Outstanding Salaries 850 Cash in bank 5,250 Loan from Bank 3,450 Building 6,600 Preference share capital 5,265 Prepaid expenses 850 Bank overdraft 825 Cars & Trucks 3,350 Tax outstanding 590 Account Receivables 1,150 Inventory 2,150 Income earned but not received 430 Machinery 6,250 Equipment 2,220 Total 50,350 Total 50,350 Other information Particulars OMR Sales 330,000 Cost of goods sold 155,000 Administration expenses 33,000 Selling & Distribution exp. 44,000 Interest received 12,200 Rent Received 2,000 Commission received 1,750 Calculate Shareholders' funds
according to information: Question Liabilities OMR Assets OMR Equity share capital 27,800 Furniture 4,000 Accounts Payable 1,550 Cash in hand 4,500 Reserves and surplus 2,550 Bills receivables 3,750 Bills payable 950 Land 9,000 Long term borrowings 6,520 Marketable securities 850 Outstanding Salaries 850 Cash in bank 5,250 Loan from Bank 3,450 Building 6,600 Preference share capital 5,265 Prepaid expenses 850 Bank overdraft 825 Cars & Trucks 3,350 Tax outstanding 590 Account Receivables 1,150 Inventory 2,150 Income earned but not received 430 Machinery 6,250 Equipment 2,220 Total 50,350 Total 50,350 Other information Particulars OMR Sales 330,000 Cost of goods sold 155,000 Administration expenses 33,000 Selling & Distribution exp. 44,000 Interest received 12,200 Rent Received 2,000 Commission received 1,750 Calculate Shareholders' funds
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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according to information:
Question
|
Liabilities |
OMR |
Assets |
OMR |
|
Equity share capital |
27,800 |
Furniture |
4,000 |
|
Accounts Payable |
1,550 |
Cash in hand |
4,500 |
|
Reserves and surplus |
2,550 |
Bills receivables |
3,750 |
|
Bills payable |
950 |
Land |
9,000 |
|
Long term borrowings |
6,520 |
Marketable securities |
850 |
|
Outstanding Salaries |
850 |
Cash in bank |
5,250 |
|
Loan from Bank |
3,450 |
Building |
6,600 |
|
|
5,265 |
Prepaid expenses |
850 |
|
Bank overdraft |
825 |
Cars & Trucks |
3,350 |
|
Tax outstanding |
590 |
|
1,150 |
|
|
|
Inventory |
2,150 |
|
|
|
Income earned but not received |
430 |
|
|
|
Machinery |
6,250 |
|
|
|
Equipment |
2,220 |
|
Total |
50,350 |
Total |
50,350 |
|
Other information |
|
|
Particulars |
OMR |
|
Sales |
330,000 |
|
Cost of goods sold |
155,000 |
|
Administration expenses |
33,000 |
|
Selling & Distribution exp. |
44,000 |
|
Interest received |
12,200 |
|
Rent Received |
2,000 |
|
Commission received |
1,750 |
Calculate
- Shareholders' funds
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