Zuhoor Muscat Company is a manufacturer of miniature security cameras . On 31 March 2021 , the following balances are shown in its ledger accounts after adjustments : Cash : RO 3,425 ; Wages Payable : RO 440 ; Office Equipment : RO 51,650 ; Accumulated Depreciation - Office Equipment : RO 14,650 ; Accounts Receivable : RO 8,000 ; Patents : RO 2,000 Unearned Fees : RO 750 ; Share Capital : RO 47,000 ; Accounts Payable : RO 925 ; Supplies : RO 380; Retained Earnings : RO 995 ; and Prepaid Insurance RO 305 ; Notes Payable : RO 1,000 . The total assets appearing in the Statement of Financial Position on 31 March 2021 is : a . RO 65,760 b RO 63,507 C . RO 51,110 d. RO 49,110 e . None of the options are correct
Zuhoor Muscat Company is a manufacturer of miniature security cameras . On 31 March 2021 , the following balances are shown in its ledger accounts after adjustments : Cash : RO 3,425 ; Wages Payable : RO 440 ; Office Equipment : RO 51,650 ; Accumulated Depreciation - Office Equipment : RO 14,650 ; Accounts Receivable : RO 8,000 ; Patents : RO 2,000 Unearned Fees : RO 750 ; Share Capital : RO 47,000 ; Accounts Payable : RO 925 ; Supplies : RO 380; Retained Earnings : RO 995 ; and Prepaid Insurance RO 305 ; Notes Payable : RO 1,000 . The total assets appearing in the Statement of Financial Position on 31 March 2021 is : a . RO 65,760 b RO 63,507 C . RO 51,110 d. RO 49,110 e . None of the options are correct
Chapter1: Financial Statements And Business Decisions
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Zuhoor Muscat Company is a manufacturer of miniature security cameras . On 31 March 2021 , the following balances are shown in its ledger accounts after adjustments : Cash : RO 3,425 ; Wages Payable : RO 440 ; Office Equipment : RO 51,650 ; Accumulated Depreciation - Office Equipment : RO 14,650 ; Accounts Receivable : RO 8,000 ; Patents : RO 2,000 Unearned Fees : RO 750 ; Share Capital : RO 47,000 ; Accounts Payable : RO 925 ; Supplies : RO 380; Retained Earnings : RO 995 ; and Prepaid Insurance RO 305 ; Notes Payable : RO 1,000 . The total assets appearing in the Statement of Financial Position on 31 March 2021 is :
a . RO 65,760
b RO 63,507
C . RO 51,110
d. RO 49,110
e . None of the options are correct
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