From the following balances of KAMAL PIc., as at 31.12.18. Prepare Financial statement. Inventories (31.12.18)...
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Accounting
From the following balances of KAMAL PIc., as at 31.12.18. Prepare Financial statement. Inventories (31.12.18) Share capital (RO.1 each) Administration expenses Selling and Distribution Expenses Trade receivables DEBIT CREDIT RO'000 RO'000 648 1944 696 1183 552 Trade payables 938 Revenue 8791 Cost of sales 5983 Cash at bank 14 Retained earnings (1.1.18) 1387 Bank loan 1200 Equipment (31.12.18) 7560 Accumulated depreciation: 2376 Equipment (1.1.18) 16636 16636
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