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Carefully analyze the following account balances extracted from the books of Mr. Basim and answer the questions below. Name of the accountsAmount (OMR) Capital
Carefully analyze the following account balances extracted from the books of Mr. Basim and answer the questions below. Name of the accountsAmount (OMR) Capital 100,000 Discount paid 20,000 Salaries 16,000 Sales 60,000 Equipment 104,000 Long term liabilities 20,000 Cashi 40,000 Q1. Which all accounts from the above schedule will have a debit balance? Q2. Which all accounts from the above schedule will have a credit balance? Q3. What is the total of debit and credit columns of the trial balance the trial balance?
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