If the closing reserve of an entity is OMR 35000 and the Opening reserve is OMR 48000 then how much will be the current profit, keeping other things constant? a. OMR 61000 b. OMR 13000 c. OMR 48000 d. OMR -13000

If the closing reserve of an entity is OMR 35000 and the Opening reserve is OMR 48000 then how much will be the current profit, keeping other things constant? a. OMR 61000 b. OMR 13000 c. OMR 48000 d. OMR -13000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

If the closing reserve of an entity is OMR 35000 and the Opening reserve is OMR 48000 then how much will be the current profit, keeping other things constant?

OMR 61000

OMR 13000

OMR 48000

OMR -13000

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