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Ahli company paid rent of RO 5000 in the year 2017 covering the ten months till October 2018. The company received a loan of RO
Ahli company paid rent of RO 5000 in the year 2017 covering the ten months till October 2018. The company received a loan of RO 20,000 on 1st April,2017 from Mr.Rahim to be repaid on 1st January,2018 together with interest of 5%. The company's statement of Finacial position for the year 2017 will report:
a.
Current assets RO nil and Current liabilities RO 25,750
b.
Current assets RO 20,750 and Current liabilities RO 5000
c.
Current assets RO 25,750 and Current liabilities nil
d.
Current assets RO 5000 and Current liabilities RO 20,750
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