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Ak Moummed und Abdillah satuines. They are to share responsables de . A 12,000 and Mohammed invested BO 8000 in the niness They acquired the

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Ak Moummed und Abdillah satuines. They are to share responsables de . A 12,000 and Mohammed invested BO 8000 in the niness They acquired the following Machine worth RO 2000 Furniture worth RO 1000, Supplies worth RO 500 Motor Car worth RO 2000 They also have bills payable worth RO 50, Salaries payable RO 200, rent payable RO 50 and the buniness also has a long term and so on. The rest Insurance expense of RO 500 and Utility expense of RO 200 Answer the following 3 questions based on the above case The type of the business is represented in the above case? Sole Proprietorship Partnership O Single Business Owner O Corporation If the partners decided to invest (bring in capital in the form of cash) 1000 OMR more in the business which cont will you Debit in this o Capital Nc O Loan NC Equity Nc Cash Alc If 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 O Cash A/C O Drawings A/c O Profit and Loss Alc O Dividend A/C d

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