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please only write the correct answer No need for explanation Ineed this urgently 17. A debit eatry to an account ; a) lncrates assets b)
please only write the correct answer
No need for explanation Ineed this urgently
17. A debit eatry to an account ; a) lncrates assets b) Increaser lisbilitios c) laceases equity d) Larcases revenue 18. Which one of the following transactions will not affect the equity to increase or decrease? a) Purchased equipment on account OMR 5,000 b) Paid reat for the month OMR 200 c) Provided services to customers on account OMR1,000 b) Owner withdraws OMR 2,000 from the business for personal use 19. At the beginning of the year ABC Ltd had cash OMR 150,000 and the liabilities were OMR 20,000. During the year liabilities decreased by OMR5,000 and assets increased by OMR 50,000 . What is the Owners' equity at the end of the year? a) OMR185,000 b) OMRI30,000 c) OMRI70,000 d) OMR 2I5,000 20. A company has cash of OMR 5,000; equipment of OMR8,000; accounts receivable of OMLR 10,000; accounts payable of OMR3,000; common stock of OMR112,000; retained earnings of OMRR \&,000; revenues of OMR15,000; and expenses of OMR7,000. How much is the total assets of the company? a) OMR13,000 b) OMR 23,000 c) OMR26,000 OMRR 27,500Step by Step Solution
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