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Marya Travel Company plans to know the total assets it has possessed as on date. Ms Shima, the accountant is asked to calculate the Total Assets. She checks the Income Statement and Balance Sheet where it shows the value of Building OMR 50,000, Office Stationery OMR 500, Creditors OMR 5,000 and Plant OMR 50,000. What is Total Assets of the company? a. OMR 100,000 b. OMR 105,500 c. None of the options d. OMR 94,500

Marya Travel Company plans to know the total assets it has possessed as on date. Ms Shima, the accountant is asked to calculate the Total Assets. She checks the Income Statement and Balance Sheet where it shows the value of Building OMR 50,000, Office Stationery OMR 500, Creditors OMR 5,000 and Plant OMR 50,000. What is Total Assets of the company? a. OMR 100,000 b. OMR 105,500 c. None of the options d. OMR 94,500

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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Marya Travel Company plans to know the total assets it has possessed as on date. Ms Shima, the accountant is asked to calculate the Total Assets. She checks the Income Statement and Balance Sheet where it shows the value of Building OMR 50,000, Office Stationery OMR 500, Creditors OMR 5,000 and Plant OMR 50,000. What is Total Assets of the company?
a.
OMR 100,000
b.
OMR 105,500
c.
None of the options
d.
OMR 94,500
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