King Burger Company provides the following information: account payable is OMR 100,000; bank overdraft is OMR 30,000; cash is OMR 16,000 and accrued expense is OMR 20,000. Calculate total current liability. O a. OMR 110,000 O b. OMR 150,000 O c. OMR 140,000 O d. OMR 130,000

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 22MC: A company collects an honored note with a maturity date of 24 months from establishment, a 10%...
icon
Related questions
Question
King Burger Company provides the following information: account payable is OMR 100,000; bank overdraft is OMR 30,000; cash is
OMR 16,000 and accrued expense is OMR 20,000. Calculate total current liability.
O a. OMR 110,000
O b. OMR 150,000
O c. OMR 140,000
O d. OMR 130,000
Transcribed Image Text:King Burger Company provides the following information: account payable is OMR 100,000; bank overdraft is OMR 30,000; cash is OMR 16,000 and accrued expense is OMR 20,000. Calculate total current liability. O a. OMR 110,000 O b. OMR 150,000 O c. OMR 140,000 O d. OMR 130,000
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Double entry bookkeeping system
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College