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Amal Perfume company books of account showed that the capital employed on 1-1-2020 was OMR 150,000 and the profits for the last five years were as follows: Year 2015 OMR 10,000, Year 2016 OMR 20,000, Year 2017 OMR 10,000, Year 2018 OMR 25,000 and Year 2019 OMR 15,000. You are required to find out Total Profit for five years a. None of the options are correct b. OMR 16,000 C OMR 7.500 d. OMR 80,000

Amal Perfume company books of account showed that the capital employed on 1-1-2020 was OMR 150,000 and the profits for the last five years were as follows: Year 2015 OMR 10,000, Year 2016 OMR 20,000, Year 2017 OMR 10,000, Year 2018 OMR 25,000 and Year 2019 OMR 15,000. You are required to find out Total Profit for five years a. None of the options are correct b. OMR 16,000 C OMR 7.500 d. OMR 80,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Amal Perfume company books of account showed that the capital employed on 1-1-2020 was OMR 150,000 and the profits for the last five years were as follows: Year 2015 OMR 10,000, Year 2016 OMR 20,000, Year 2017 OMR 10,000, Year 2018 OMR 25,000 and Year 2019 OMR 15,000. You are required to find out Total Profit for five years a. None of the options are correct b. OMR 16,000 C OMR 7.500 d. OMR 80,000
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