1.In the books of accounts of Mr. Majid, the following items are given: Cash OMR 12,000; Commission received OMR 2,000; Furniture OMR 20,000; Land OMR 16,000 Wages Paid in advance OMR 6000; Accounts payable OMR 20,000; Long term loan OMR 16,000; Capital OMR 16,000 Rent paid OMR 2,000; Additional Capital OMR2,000 A. Arrange the above items as Assets, Liabilities, Revenue and Expenses. B. Apply the items into an accounting equation and prove that accounting equation is always equal