IZVO III : moodle1.du.edu.om 4G The following sales and purchases are expected over the Five-month period from November 2019 to March 2020 Purchases Sales Nov- OMR 18000 OMR 30000 2019 Dec- OMR 20000 OMR 28000 2019 Jan- OMR 22000 OMR 32000 2020 Feb- OMR 16000 OMR 26000 2020 Mar- OMR 24000 OMR 30000 2020 Additional Information: 1. Salaries are paid each month of OMR 6000, which are paid in month that they are incurred 2. 40% of the Sales are on credit and we allow 1-month credit period - and 60% are for immediate settlement ZVO : ols-moodle1.du.edu.om 4G 2.40% of the Sales are on credit and we allow 1-month credit period - and 60% are for immediate settlement 3. Purchases are all on credit and supplier allows 1-month credit period 4. On 1 February 2020, an old machine is sold for OMR 2000, received the cash immediately. 5. The balance at the bank as at 31st December 2019 was OMR 1000 What will be the Closing balance of cash on March, 2020? Select one: a. OMR 14200 Ob. OMR 7800 c. OMR 27400 Od. OMR 5400 Previous page Next page