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From the following balances you are required to prepare a Balance Sheet and answer the following questions. Account names Amount in OMR Net profit

From the following balances you are required to prepare a Balance Sheet and answer the following questions. Account names Amount in OMR Net profit 25000 Capital 50000 Drawings 5000 Long term loans 10000 Creditors 4000 Rent payable 500 Salary payable 1000 Premises 55000 Machinery 15500 Furniture 4000 Cash 500 Debtors 7500 Closing stock 3000

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