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33-34 i have exam answer fast please. if the partners decided to invest bring in capital in the form of cash 1000 OMR more in
33-34 i have exam answer fast please. if the partners decided to invest bring in capital in the form of cash 1000 OMR more in the business, which account will you Debit in this transaction? Loan Alc Capital A/C O Cash A/C O Equity Ac It the partners decide to Withdraw 200 OMR each for personal use from the amount they have invested which account will you Debit as an accountant? Cash A/C Profit and Loss A/C Drawings A/C O Dividend A/C Case 1 cobert. Naredbe whics 5000 Obers. The combada ciento contences or account. OUR 700 Spes were preden con October 12. The company reccoshom diens billed previously October 13. Nana recome an endance to teacher repartenwes mom estan enterez the mace va bepud en net on CMR 130 Ober20. Respond ON 550 Along with Al, Mohammed and Abdullah started a business. They agreed to share responsibilities, skills, Profits and losses. Al invested RO 10,000, Abdullah invested RO 12,000 and Mohammed invested RO 8000 in the business They acquired the following: Machine worth RO 2000, Furniture worth RO 1000, Supplies worth RO 500, Motor Car worth RO 2000 They also have is payable worth RO 50, Salaries payable Ro 200, rent payable RD 50 and the business also has a long term loan of RO 5000. The business had Insurance expense of RO 500 and Utility expense of RO 200 Answer the following 3 questions based on the above case
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