Account Payable is a result of a. Cash Sales b. Credit Sales Oc. Credit Purchases d. Cash Purchases Question 22 Not yet answered Marked out of 1 Flag question Mr. Ahmed invested OMR 11,720, in January 2019, to start his, KKR Travel and Tourism' business. Total owner equity in the business is increased to OMR 15,200 at the end of the year. If, Mr. Ahmed wants to know the reasons of changes in the capital, he is required to prepare... a. Statement of Income Ob. Statement of Financial Position c. Statement of Owner's Equity Od. None of these Question 23 Not yet answered Marked out of 1 Flag question Balance Sheet is also known as a. Statement of Income Ob. Statement of Financial Position Oc Cash Flow Statement d. Statement of Owners Equity Question 24 Not yet answered Marked out of 1 flag question Mr. Hashim, a business man, spent OMR 250 every month as advertisement to attract customers to his business. The cost incurred for advertisement by Mr. Hashim to generate revenue is called as: a. Drawings b. Expenses OC. Sales