M/s. Muneer 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 18% profit margin. The company was having following assets and liabilities as on 31st December 2019. The company was having liabilities namely Capital RO 285,200, loan borrowed RO 75,800, amount payable to creditors RO 22,580, outstanding expenses RO 17580 and salary payable to family members who are not employees of the business RO 2,550. The assets consist of Cars RO 228,900, machinery 42,580, furniture RO 22,869, Bank balance of RO 148,500. Treasury bills RO 32650, short term notes receivables RO 32,580, money market funds RO 16,580 and money due to brother which borrowed for the personal expenses 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. Muneer 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 18% profit margin. The company was having following assets and liabilities as on 31st December 2019. The company was having liabilities namely Capital RO 285,200, loan borrowed RO 75,800, amount payable to creditors RO 22,580, outstanding expenses RO 17580 and salary payable to family members who are not employees of the business RO 2,550. The assets consist of Cars RO 228,900, machinery 42,580, furniture RO 22,869, Bank balance of RO 148,500. Treasury bills RO 32650, short term notes receivables RO 32,580, money market funds RO 16,580 and money due to brother which borrowed for the personal expenses 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.
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