Question: You are given with some information from the Adjusted Trial Balance of a business. Determine the total value of non-current assets for the given period.
You are given with some information from the Adjusted Trial Balance of a business. Determine the total value of non-current assets for the given period.
Al Jabal Transporting
Adjusted Trial Balance (Partial)
For the year ended 31 December 2019
Debit (OMR)
Credit (OMR)
Accounts payable
5,000
Cash
7,000
Prepaid insurance
1,000
Account receivable
8,000
Interest revenue
3,700
Vehicles
54,000
Drawing
3,000
Land
25,000
Supplies
1,500
a.
OMR 79,000
b.
OMR 99,500
c.
OMR 96,500
d.
OMR 17,500
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