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Assume that the total assets, liabilities, Equity of the firm are OMR 40000, OMR 10000 and OMR 30000 respectively.The company sold OMR 3000 furniture for

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Assume that the total assets, liabilities, Equity of the firm are OMR 40000, OMR 10000 and OMR 30000 respectively.The company sold OMR 3000 furniture for its customer and received notes receivables for OMR 4500. What is the effect of the above transaction on different elements of financial position of the company? O a. Assets of the company decrease by OMR 3000 and capital of the company decrease by OMR 3000 O b. None of the given options c. Assets of the company increase by OMR 4500 and capital of the company increase by OMR 4500 d. Assets of the company increase by OMR 1500 and capital of the company increase by OMR 1500

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