Question
FAST PLZ GALFAR company bought a Machine at RO 126,000, salvage value is RO 6,000, units produced in 2nd year is 5,000 units and total
FAST PLZ
GALFAR company bought a Machine at RO 126,000, salvage value is RO 6,000, units produced in 2nd year is 5,000 units and total estimated production is 50,000 units. The depreciation of 2nd year will be
a.
RO 12,000
b.
RO 10,800
c.
RO 12,600
d.
RO 11,340
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On 31 July the Pass book of BAC LLC reported balance of RO 8750. Cheques deposited in bank awaiting clearance were RO 12,400 and the value of cheques issued but not yet presented in the bank was RO 11,480. There was a credit in the bank for insurance claim amounting to RO 2,500 and debit was made for the Loan instalment for RO 5,500. The balance as per the cash book is.
a.
4830
b.
5230
c.
4830 overdraft
d.
5230 overdraft
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