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Q4. Oman Oasis Company provided the following information for the year ended 31st December 2017. Inventory- RO 56,000 Long term debt - RO 74,500 Good
Q4. Oman Oasis Company provided the following information for the year ended 31st December 2017. Inventory- RO 56,000 Long term debt - RO 74,500 Good will - RO 25,000 Account receivables - RO 38,400 Account payable - RO 47,800 Machinery - RO 67,000 Deferred income taxes - RO 14,500 Fixtures and fittings - RO 26,000 Cash - RO 12,500 Shareholder's equity - RO 90,000 Short term debt - RO 5,600 Other current assets RO 7,500 Analyze the above information and prepare the Balance sheet of Oman Oasis Company for the year ended 31st December 2017. (4 Marks)
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