Balance Sheet of Al Asasil Fashions - 2018 Liabilities OMR Assets Equity share capital Accounts Payable Reserves and surplus Notes Payable Long term borrowings Outstanding Salaries Loan from Bank Preference share capital Bank overdraft Tax outstanding 23,200 Furniture 1,250 Cash in hand 2,050 Bills receivables 850 Land 6.120 Marketable securities 450 Cash in bank 2,945 Building 5,250 Prepaid expenses 425 Cars & Trucks 250 Account Receivables Inventory Income eamed but not received Machinery Equipment 42,790 Total OMR 2,000 2,500 2,750 8,000 750 4,250 6,500 750 3,250 1,000 2.150 4201 6,250 2,220 42,790 Total Income statement of Al Asasil Fashions - 2018 Particulars OMR Sales 220,000 Cost of goods sold 135,000 Administration expenses 23,000 Selling & Distribution exp. 34,000 Interest received on debentures 12,200 Income from rent 2,000 Commission received 1,750 Go Balance Sheet of Al Asasil Fashions - 2018 Liabilities OMR Assets Equity share capital Accounts Payable Reserves and surplus Notes Payable Long term borrowings Outstanding Salaries Loan from Bank Preference share capital Bank overdraft Tax outstanding 23,200 Furniture 1,250 Cash in hand 2,050 Bills receivables 850 Land 6.120 Marketable securities 450 Cash in bank 2,945 Building 5,250 Prepaid expenses 425 Cars & Trucks 250 Account Receivables Inventory Income eamed but not received Machinery Equipment 42,790 Total OMR 2,000 2,500 2,750 8,000 750 4,250 6,500 750 3,250 1,000 2.150 4201 6,250 2,220 42,790 Total Income statement of Al Asasil Fashions - 2018 Particulars OMR Sales 220,000 Cost of goods sold 135,000 Administration expenses 23,000 Selling & Distribution exp. 34,000 Interest received on debentures 12,200 Income from rent 2,000 Commission received 1,750 Go