Debit Credit 4 Self Review Questions - Outcome 1 Exercise 1 For the above transactions, name the accounts to be debited and credited. SI No Transaction Mr. Muhammed invested RO250,000 in business. 2 Deposited cash in Bank Muscat RO100,000 3 Salary paid in cash RO2,500 Took Loan from Oman Development Bank RO40000 5 Purchased furniture for cash RO25,000 6 Purchased goods for cash RO36,000 7 Bought computer on credit from Mr. Yasir RO45.000 Rent paid through cheque RO250 Sold goods to Ibra Traders RO330,000 for cash. Received cash from Ibra Traders RO110,000 11 Interest on Bank loan paid RO1500 12 The owner took RO3500 for personal use 13 The owner purchased a car for RO3900 from Saud Bahwan on credit Cash is deposited to Bank Muscat RO2500 Interest received from Industrial Trading Links RO2200 16 Sold Goods to JRG Tradres for credit RO12300 17 Goods returned by JRG Traders RO2500, 8 9 10 14 15