On 1st July 2020 Al Khareef flour mills bought two wheat grinding machines for RO 18000. The whole amount was Financed by Bank Nizwa for monthly instalments of RO 600.

On 1st July 2020 Al Khareef flour mills bought two wheat grinding machines for RO 18000. The whole amount was Financed by Bank Nizwa for monthly instalments of RO 600. On 30 December 2020 the company sold one of the machine for RO 7200 and paid the Full amount to Bank Nizwa to be adjusted with the loan. How much amount will be shown under current liabilities on 31 December 2020.

a.
RO 18000

b.
RO 14400

c.
RO 9000

d.
RO 7200

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