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Qu 10 Abdullah has prepared his financial statements for the year ended 31 December 2019, which show a net profit of OR 30000, current assets

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Qu 10 Abdullah has prepared his financial statements for the year ended 31 December 2019, which show a net profit of OR 30000, current assets of OR 234400 and a total assets of OR 710500. He discovered that the closing inventory valued at OR 10100 has been left out from his workings. Which of the following statements is true: 19 Finish Time Select one: a. The revised total assets figure will be OR 720600. b. The revised profit for the year should be OR 50100 c. The revised current assets figure will be OR 224300. d. The value of closing inventory figure does affect the profit for the year or the net assets. tv

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