Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 29 Not yet From the balance of Arwa Bank calculate the total amount to be shown in the balance sheet under the following heads:

image text in transcribed

image text in transcribed

image text in transcribed

Question 29 Not yet From the balance of Arwa Bank calculate the total amount to be shown in the balance sheet under the following heads: answered Marked out of 3.00 OMR Flag question Particulars Bills payable 20,000 Cash credit 15,000 6,000 Particulars OMR Term loan 10,000 Sundry creditors 25,000 Bank overdraft 13,000 Rebate on bills discounted 25,000 Prepaid expenses 7,000 Provisions and 55,000 contingencies 5,000 Non-banking asset Unclaimed dividend Tax paid in advance Accrued income 2,000 1,000 Loans & Advance OMR 28,000 OMR 38,000 OMR 23,000 None of these Other liabilities and provisions Other Assets Question 29 Not yet answered From the balance of Arwa Bank calculate the total amount to be shown in the balance sheet under the following heads: Marked out of Particulars OMR 3.00 Flag Particulars OMR question Term loan 10,000 Bills payable 20,000 15,000 6,000 Sundry creditors 25,000 Bank overdraft 13,000 Rebate on bills discounted 25,000 Prepaid expenses 7,000 Cash credit Non-banking asset Unclaimed dividend Tax paid in advance 5,000 2,000 55,000 Accrued Income 1,000 Provisions and contingencies Loans & Advances Other liabilities and provision None of these OMR 105,000 OMR 80,000 OMR 130,000 Other Assets Question 29 From the balance of Arwa Bank calculate the total amount to be shown in the balance sheet under the following heads: Not yet answered Marked out of 3.00 P Flag question Particulars OMR Particulars OMR 10,000 20,000 Term loan Sundry creditors Bank overdraft 25,000 Bills payable Cash credit Non-banking asset 15,000 13,000 6,000 Rebate on bills discounted 25,000 Unclaimed dividend 5,000 Prepaid expenses 7,000 2,000 Tax paid in advance Accrued income 55,000 1,000 Provisions and contingencies Loans & Advances 4 Other liabilities and provisions Other Assetv OMR 10,000 OMR 16,000 OMR 9,000 None of these

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

Integrated Audit Practice Case

Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens

7th Edition

0912503688, 978-0912503684

More Books

Students also viewed these Accounting questions

Question

What is the difference between leading and managing a project?

Answered: 1 week ago

Question

3.0

Answered: 1 week ago