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Following balances are taken from the adjusted trial balance of a service business: Capital Cash OMR 40,000 OMR 3,500 Service revenue OMR 17,800 Rent

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Following balances are taken from the adjusted trial balance of a service business: Capital Cash OMR 40,000 OMR 3,500 Service revenue OMR 17,800 Rent expense OMR 1,200 Salary expense OMR 5,500 Drawings OMR 2,400 Utilities expense OMR 2,200 prepaid insurance OMR 500 What will be the net profit or net loss of the business? a. Net loss OMR 8,900 b. Net loss OMR 8,700 Oc. Net profit- OMR 8,700 d. Net profit-OMR 8,900 43 49 Finish Time l

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