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Owner made drawings amounted to OMR 5,000. What effect will this transaction have on the Accounting Equation? O a. Decrease in cash and decrease in

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Owner made drawings amounted to OMR 5,000. What effect will this transaction have on the Accounting Equation? O a. Decrease in cash and decrease in Equity by OMR 5,000 O b. Increase in cash and increase in Equity by OMR 5,000 O c. Decrease in cash and increase in Equity by OMR 5,000 O d. Increase in cash and decrease in Equity by OMR 5,000

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