Q1. Mr Omer decide to start a business of Job Consultancy Service that named as Oman Tech. On 1^st January 2021, he invested OMR 150,000 cash in the business.

3^rd January. The business purchased computers for OR. 25,000 cash.

10^th January. The business performed a service to a customer and receives OR. 10,000 cash

15^th January. The business received a bill for OR 1000 from the Muscat advertising Agency for advertising on its website but the business postpones payment until a later date

24^th January. The company paid an amount of cash of OMR 500 for Internet expenses

25^th January. Company received commission OMR 500

30^th January. Mr Omer withdraws cash of OMR 2000 from the business for his personal use.

You are required to Show the effect of above transactions on accounting equation and prove the accounting equation at the end.