23-Trade receivables of Muscat SAOG company was OMR 8000 on 1st January 2019. A customer has gone bankrupt owing RO 700, The debt is not expected to be recovered and an adjustment should be made at the end of the year 2019. An allowance for receivables of 5% is to be set up. What will be the Good Trade receivables to be shown under Current Assets on the balance sheet?

a.

OMR 365

b.

OMR 7635

c.

OMR 7300

d.

OMR 6935

25) ABC SAOG has issued 1 million equity shares OMR 0.700 per share. The company decided to make a bonus issue in the ratio of 5 for 20 shares held. What is the amount (OMR)of bonus should be created by the company?

a.

175,000

b.

75,000

c.

1,000,000

d.

250,000

38-Purchase of Heavy equipment costs on 1st January 2015 was OMR 6500, Accumulated depreciation on heavy equipment till 31st December 2018 OMR 2500, What will be depreciation charge on heavy equipment on 31st December 2019 assuming that the company charge 20% of depreciation on the reducing balance at the end of the year 2019.

a.

5200

b.

1300

c.

800

d.

3200