Closing stock OMR 50,000. Provide for outstanding liabilities. ent and taxes OMR.2,000. ,Wages OMR 3,000. Salaries . OMR 4,000. Depreciation on Plant and Machinery @5% and furniture @ 10%. Provide 4% interest on Bank loan
Closing stock OMR 50,000. Provide for outstanding liabilities. ent and taxes OMR.2,000. ,Wages OMR 3,000. Salaries . OMR 4,000. Depreciation on Plant and Machinery @5% and furniture @ 10%. Provide 4% interest on Bank loan
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Debenture Valuation
A debenture is a private and long-term debt instrument issued by financial, non-financial institutions, governments, or corporations. A debenture is classified as a type of bond, where the instrument carries a fixed rate of interest, commonly known as the ‘coupon rate.’ Debentures are documented in an indenture, clearly specifying the type of debenture, the rate and method of interest computation, and maturity date.
Note Valuation
It is the process to determine the value or worth of an asset, liability, debt of the company. It can be determined by many processes or techniques. Many factors can impact the valuation of an asset, liability, or the company, like:
Question

Transcribed Image Text:5. Prepare Extended Trial balance using spread sheet.
Account Title
OMR
Account Title
OMR
2,000 Purchases
40,000 Wages
60,000 Salaries
50,000 Capital
20,000 Bank loan @ 4%
15,000 Bills payable
10,000 Interest
200,000 Sundry Creditors
Cash in Hand
120,000
Opening stock
Sundry Debtors
Plant and Machinery
16,000
20,000
80,000
Furniture
20,000
Bills Receivable
30,000
Rent and Taxes
1,000
Sales
20,000
Accumulated depreciation -
Accumulated depreciation -
2,000
Furniture
Plant and Machinery
Adjustments:
a. Closing stock OMR 50,000.
b. Provide for outstanding liabilities.
Rent and taxes OMR.2,000. ,Wages OMR 3,000. Salaries . OMR 4,000.
C.
Depreciation on Plant and Machinery @5% and furniture @ 10%.
d. Provide 4% interest on Bank loan
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