Marya Travel Company plans to know the total assets it has possessed as on date. Ms Shima, the accountant is asked to calculate the Total Assets. She checks the Income Statement and Balance Sheet where it shows the value of Building OMR 50,000, Office Stationery OMR 500, Creditors OMR 5,000 and Plant OMR 50,000. What is Total Assets of the company? a. OMR 100,000 b. OMR 105,500 c. None of the options d. OMR 94,500

Marya Travel Company plans to know the total assets it has possessed as on date. Ms Shima, the accountant is asked to calculate the Total Assets. She checks the Income Statement and Balance Sheet where it shows the value of Building OMR 50,000, Office Stationery OMR 500, Creditors OMR 5,000 and Plant OMR 50,000. What is Total Assets of the company? a. OMR 100,000 b. OMR 105,500 c. None of the options d. OMR 94,500

Name: 8)Marya Travel Company plans to know the total assets it has possessed
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Description: 8)Marya Travel Company plans to know the total assets it has possessed as on date. Ms Shima, the accountant is asked to calculate the Total Assets. She checks the Income Statement and Balance Sheet where it shows the value of Building OMR 50,000, Off

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.4.4MBA

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Question text Marya Travel Company plans to know the total assets it has possessed as on date. Ms Shima, the accountant is asked to calculate the Total Assets. She checks the Income Statement and Balance Sheet where it shows the value of Building OMR 50,000, Office Stationery OMR 500, Creditors OMR 5,000 and Plant OMR 50,000. What is Total Assets of the company? a. None of the options b. OMR 94,500 c. OMR 105,500 d. OMR 100,000
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