Question
Listed in random order below are the accounting information of Qalam Ltd as on 31 March 2019: Legal reserves OMR 35,000 Trade payables OMR 25,000
Listed in random order below are the accounting information of Qalam Ltd as on 31 March 2019:
Legal reserves OMR 35,000
Trade payables OMR 25,000
Employees benefit liabilities OMR 75,000
Share capital (300,000 shares @OMR 1 each) 0MR 300,000
Bank loan OMR 25,000
Lease liabilities OMR 15,000
Cash and cash equivalents OMR 45,000
General Reserves OMR 15,000
Deferred tax liabilities OMR 15,000
Share premium 0MR 5,000
Income tax payable OMR 25,000
Retained earnings OMR 25,000
Capital redemption reserves OMR 15,000
Calculate the total capital and reserves of the company.
a- OMR 370,000
b-OMR 395,000
c-OMR 365,000
d-OMR 525,000
d-OMR 525,000
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
1259307417, 978-1260153132, 1260153134, 978-1259307416
