calculate the total liabilities
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
40. Muscat Ceramic Company asks Ms. Mona, the accountant of the company to calculate the total liabilities from the details provided to her. The details are creditors RO 15000, bank overdraft RO 15000, cash in hand RO 20000, stock RO 30000, plant and machinery RO 15000 and cash at bank RO 16000.
a.
RO 30000
b.
RO 42500
c.
None of the options
d.
RO 46000
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