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Mr. Abdulla started business with cash OMR 60000 on 1 st January 2019. Purchased furniture on credit from Greens Furniture OMR 1000 Took a bank
- Mr. Abdulla started business with cash OMR 60000 on 1st January 2019.
- Purchased furniture on credit from Greens Furniture OMR 1000
- Took a bank loan of OMR 12,000 from Bank Muscat
- Owner withdrew cash for his personal use OMR 7000.
- Purchased goods on credit from Oman Traders OMR 5,100
- Purchased Machinery on credit from Salim OMR 20,000
- Paid Greens Furniture OMR 150
- Sold goods on Credit OMR 1900 (costing OMR 1500) to Mr. Asim
- Received the money due for goods sold on credit.
- Paid to Oman Traders OMR 2000.
I need an answer for all transection
(ASSETS = LIABILITIES + CAPITAL)
Preferably the answer should be in the form of a table for each transection, with an explanation of each Assets - Liabilities - capital
Please do it now.
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