ABC LLC started as petty cash fund. During the month of July, the receipts were RO 140 petrol, RO 55 stationery, RO 65 staff welfare and RO115 travelling and there was RO 15 left in the petty cash box. There was shortage of RO 10. The Petty cash fund at the beginning of the month was

a.

RO 375

b.

RO 410

c.

RO 390

d.

RO 400

Al shams LLC has cost of goods sold RO 5000, closing inventory is RO 2500, and opening inventory is RO 4500. The value of purchases will be

a.

RO 3000

b.

RO 7000

c.

RO 12000

d.

RO 2000

Al Saffa SAOG bought a machine for cleaning chicken for RO 20000. The life of the machine is ten years. The company follows Double declining balance method of depreciation. The closing balance of machine in the second year is

a.

RO 11664

b.

RO 14400

c.

RO 16000

d.

RO 12800