M/s. Ghanim Shamas Company is dealing with the dealing with imported cars. The company used to buy cars from different countries and selling the cars in Sultanate of Oman with 20% profit margin. The company was having following assets and liabilities as on 31st December 2019. The company was having liabilities namely Capital RO 175,000, loan borrowed RO 12,500, amount payable to creditors RO 7,500, outstanding expenses RO 2,500 and salary payable to family members who are not employees of the business RO 3750. The assets consist of Cars RO 115,750, machinery 25,750, furniture RO 18,500, Bank balance of RO 11,800. Treasury bills RO 6,500, short term notes receivables RO 12,500, money market funds RO 6,700 and money due to brother which borrowed for the personal expense RO 4,550 You are required to find the short term cash equivalent Assets, Other current Assets, Fixed assets, Noncurrent liabilities, current liabilities, derecognized amounts spent out of the business purposes
M/s. Ghanim Shamas Company is dealing with the dealing with imported cars. The company used to buy cars from different countries and selling the cars in Sultanate of Oman with 20% profit margin. The company was having following assets and liabilities as on 31st December 2019. The company was having liabilities namely Capital RO 175,000, loan borrowed RO 12,500, amount payable to creditors RO 7,500, outstanding expenses RO 2,500 and salary payable to family members who are not employees of the business RO 3750. The assets consist of Cars RO 115,750, machinery 25,750, furniture RO 18,500, Bank balance of RO 11,800. Treasury bills RO 6,500, short term notes receivables RO 12,500,
You are required to find the short term cash equivalent Assets, Other current Assets, Fixed assets, Noncurrent liabilities, current liabilities, derecognized amounts spent out of the business purposes
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