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Following financial information details are given from the books of Falcon International: Opening value of Land OMR 145,000 Closing value of vehicle OMR 13,500 Opening

Following financial information details are given from the books of Falcon International:

Opening value of Land OMR 145,000

Closing value of vehicle OMR 13,500

Opening value of vehicle OMR 15,000

Closing production capacity OMR 150,000

At the end of the year land was revalued at OMR 148,000

Closing value of building increased by 5 %

Opening value building 145,000

Opening production productive capacity OMR 175,000

Calculate the value of profit under financial concept of capital:

a) OMR 8,750 Profit

b) OMR 10,250 Loss

c) OMR 7,250 Loss

d) OMR 7,250 Profit

Calculate the value of profit under physical concept of capital:

a) OMR 25,000 Loss

b) OMR 27,000 Loss

c) OMR 25,000 Profit

d) OMR 30,000 Profit

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