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9.6a. The asset of a company is 5,200 omr and the owners equity is 8,600 omr. What is the liability of the company ? Kindly
9.6a. The asset of a company is 5,200 omr and the owners equity is 8,600 omr. What is the liability of the company ? Kindly show your workings. 6b. Al balushi purchased equipment from the city for 40,000 omr. What is the Journal entry? 6c. Nasser purchased tools and equipment from Macdonald tools. The purchase price was 20,000 omr due in 60 days. What is the journal entry? 6d. What is the effect of debit and credit on Revenue account? 6e. What is the purpose of earning revenue ? (Non-anonymous question ) (10 Points) Upload file 10.7.A cash account increased by OMR80,000, OMR50,000 and OMR 10,000 while it decreased by OMR8,000, OMR20,000 and OMR25,000. You are required to draw a 'T' account for Cash and find out; Normal Balance b. in which side it is shown (Non-anonymous question ) (5 Points) a. Upload file
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