Question: Please answer only without steps of solving!! From the following balances you are required to prepare a Balance Sheet and answer the following questions. Account

Please answer only without steps of solving!!

you are required to prepare a Balance Sheet and answer the following

questions. Account names Amount in OMR Net profit 100000 Capital 200000 Drawings

20000 Long term loans 40000 Creditors 16000 2000 4000 Rent payable Salary

payable Premises Machinery 220000 62000 Furniture 16000 Cash 2000 Debiors 30000 Closing

stock 12000 Q1. What is the amount of Owner's equity or Capital

From the following balances you are required to prepare a Balance Sheet and answer the following questions. Account names Amount in OMR Net profit 100000 Capital 200000 Drawings 20000 Long term loans 40000 Creditors 16000 2000 4000 Rent payable Salary payable Premises Machinery 220000 62000 Furniture 16000 Cash 2000 Debiors 30000 Closing stock 12000 Q1. What is the amount of Owner's equity or Capital to be entered in the balance sheet: OMR 380000 OMR 140000 OMR 280000 OMR 28000 Q2. What is the total amount of current assets? OMR 22000 OMR 144000 OMR 44000 OMR 440000 Q3. What is the total amount of non-current or fixed assets? OMR 398000 OMR 198000 OMR 29800 OMR 298000 Q4. What is the total amount current liabilities? + OMR 11000 OMR 220000 OMR 32000 OMR 22000 Q5. What is the total amount of long-term liabilities? OMR 140000 OMR 20000 OMR 40000 OMR 4000

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