Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Listed in random order below are the accounting information of Al Dubai LLC Ltd as on 31 March 2020: Net sales OMR 1,000,000 Trade receivables

Listed in random order below are the accounting information of Al Dubai LLC Ltd as on 31 March 2020:

Net sales OMR 1,000,000

Trade receivables OMR 180,000

Trade payables OMR 120,000

Building OMR 300,000

Equity Share capital (200,000 shares @OMR 1 each) 0MR 200,000

Bank loan OMR 150,000

Inventories 0MR 60,000

Cash and cash equivalents OMR 90,000

Reserves OMR 180,000

Intangible assets OMR 120,000

Share premium 0MR 90,000.

Equipment OMR 120,000

Retained earnings OMR 150,000.

Deferred tax liability OMR 150,000

Non-current portion of term loans OMR 60,000

a. Calculate the total amount of assets as on 31 March 2020.

b. Calculate the total amount of liabilities as on 31 March 2020.

C. Calculate the amount of Net assets per share as on 31 March 2020.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Interpretation And Application Of International Standards On Auditing

Authors: Steven Collings

1st Edition

0470661127, 978-0470661123

More Books

Students also viewed these Accounting questions

Question

Explain all drawbacks of the application procedure.

Answered: 1 week ago

Question

Determine Leading or Lagging Power Factor in Python.

Answered: 1 week ago

Question

Distinguish between formal and informal reports.

Answered: 1 week ago