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SK A firm reported comprehensive income of OMR 43,000 for 2020 and OMR 54,000 for 2019(Retained earnings). It also reported the following comparative balance sheet.
SK A firm reported comprehensive income of OMR 43,000 for 2020 and OMR 54,000 for 2019(Retained earnings). It also reported the following comparative balance sheet. Assets 2019 2020 Liabilities 2019 2020 OMR OMR OMR OMR Cash 15,000 20,000 Share Capital 63,000 100,000 Debtors 30,000 28,000 Long term borrowing 50,000 Stock 55,000 72,000 Creditors 42,000 60,000 Land and Building 80,000 100,000 Bills Payable 35,000 39,000 Land and Building 80,000 100,000 Bills Payable 35,000 25,000 Furniture 15,000 10,000 Outstanding expenses 5,000 6,000 195,000 230,000 195,000 230,000 Requirements: Compute the working capital and cash flow statement. SK A firm reported comprehensive income of OMR 43,000 for 2020 and OMR 54,000 for 2019(Retained earnings). It also reported the following comparative balance sheet. Assets 2019 2020 Liabilities 2019 2020 OMR OMR OMR OMR Cash 15,000 20,000 Share Capital 63,000 100,000 Debtors 30,000 28,000 Long term borrowing 50,000 Stock 55,000 72,000 Creditors 42,000 60,000 Land and Building 80,000 100,000 Bills Payable 35,000 39,000 Land and Building 80,000 100,000 Bills Payable 35,000 25,000 Furniture 15,000 10,000 Outstanding expenses 5,000 6,000 195,000 230,000 195,000 230,000 Requirements: Compute the working capital and cash flow statement
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