Correcta Answer : A

Sold goods OMR 32000 ( Cost28000). Received 30% in cash and balance on account. State the ;effect on Accounting Equation A. Goods - 28000 Cash + 9600 A/R + 22400 profit 4000 B. Goods + 28000 Cash + 9600 A/R + 22400 LOSS 4000 C.Goods - 32000 Cash + 22400 A/R + 9600 profit 4000 D. None of the above