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The following sales and purchases are expected over the Five-month period from November 2019 to March 2020 Purchases Sales Nov-2019 OMR 18000 OMR 30000 Dec-2019
The following sales and purchases are expected over the Five-month period from November 2019 to March 2020 Purchases Sales Nov-2019 OMR 18000 OMR 30000 Dec-2019 OMR 20000 OMR 28000 Jan-2020 OMR 22000 OMR 32000 Feb-2020 OMR 16000 OMR 26000 Mar-2020 OMR 24000 OMR 30000 Additional Information: 1. Wages are paid each month of OMR 4000, which are paid in month that they are incurred 2. Sales are all on credit and we allow 1-month credit period 3. Half (50%) of the Purchases are on credit and 1- month credit period allows by supplier - and half (50%) are for immediate settlement 4. On 1 February 2020, a new vehicle is purchased for OMR 8000, paid the cash immediately. 5. The balance at the bank as at 31st December 2019 was OMR 1000 What will be the Closing balance of cash on March, 2020? MacBook
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