Al Marai LLC bought a milk packing machine for RO 12000. The life of the machine is five years. The company follows Double declining balance method of depreciation. The amount of depreciation in the second year is

a.

RO 3200

b.

RO 4800

c.

RO 1728

d.

RO 2880

ABC LLC started a petty cash fund with opening balance of RO 500. During the month the receipts were RO 145 petrol, 75 office stationery, RO125 staff welfare and 85 travelling and there was RO 65 left in the petty cash box. How much is the amount required to be refill in the petty cash fund?

a.

RO 445

b.

RO 425

c.

RO 430

d.

RO 435

Al Shams LLC purchase a machine for RO 90,000. The useful life of the machine is 12 years and the scarp value is 6,000. The amount carried forward in the balance sheet at the end of fifth year using straight line method will be.

a.

RO 45,000

b.

RO 35,000

c.

RO 55,000

d.

RO 28,000

DELL LLC had opening stock of 200 kgs value RO 2000. They purchased 300kgs @ RO 11 and later on they purchased 400kgs RO 12. 300kgs were sold. The Value of closing stock as per First In First Out method will be:

a.

RO 6800

b.

RO 7200

c.

RO 6700

d.

RO 7000