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The following information is provided to you by Ahmed LLC for the financial year ending...

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Accounting

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The following information is provided to you by Ahmed LLC for the financial year ending 31st December 2020. As on 1st January 2020 As on 31st December 2020 Monetary Assets OMR 60,000 OMR 60,000 Monetary Liabilities OMR 120,000 OMR 120,000 350 Retail Price Index Find out the gain on holding monetary liabilities a. OMR 50,000 b. OMR 168,000 OMR 48,000 OMR -15,000 The following information is provided to you by Ahmed LLC for the financial year ending 31st December 2020. As on 1st January 2020 As on 31st December 2020 Monetary Assets OMR 60,000 OMR 60,000 Monetary Liabilities OMR 120,000 OMR 120,000 350 Retail Price Index Find out the gain on holding monetary liabilities a. OMR 50,000 b. OMR 168,000 OMR 48,000 OMR -15,000

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