37-The value of Operating expenses as per CPP is

a.

RO 7000

b.

RO 8000

c.

RO 6000

d.

RO 5000

38-The CPP value of Non-monetary assets as on 1st January is

a.

RO 5000

b.

RO 7500

c.

RO 5500

d.

RO 6000

39-The value of total sales as per CPP is

a.

RO 100000

b.

RO 108000

c.

RO 102000

d.

RO 105000

Information P Flag question The following information relates to Al Afnan company for the year ended 31st December 2019. Prepare an income statement based on CPP to answer the MCQ Details Amount in Omani Rial 5000 35000 140000 50000 35000 Net monetary assets on 1st January 2019 Net monetary assets on 31st December 2019 Transactions during the year are as follows: Cash sales Credit Sales Credit Purchases Wages Other operating expenses Interest paid General Price index on 1st January 2019 General Price Index on 31st December 2019 Average Index for the year 2019 10000 5000 10000 100 150 125