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Balance Sheet as at 31 March 2020 Time left 0:24:3 OMR 125000 Land and Building (at cost) Machinery (at cost less depreciation) 30000 155000 22000
Balance Sheet as at 31 March 2020 Time left 0:24:3 OMR 125000 Land and Building (at cost) Machinery (at cost less depreciation) 30000 155000 22000 Accounts receivable (Debtors) Cash 8000 30000 185000 Accounts payable (Creditors) -2000 183000 115000 Capital: X Y 68000 183000 The debtors realised OMR 20000, the Land and building OMR 130000 and Machinery OMR 22000. The expenses of dissolution were OMR 800. You are required: Show Journal entries (5Marks)
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