Q2. Select any ONE organization of your choice and name atleast 7 common assets that business would need and specify some common liabilities, expenses the business would incur and name the sources of revenue. Q1. Complete the following into meaningful transactions. Solve them in basic accounting equation. Find the effect on Asset / Liabilities and Owner Equity and give the net result of the transactions. b) 5) ---------- starts a business called enterprise on 1st January, 2021 and invests ----as his/her capital. ---enterprise purchases machinery worth RO. ----------- paid 35% in cash and remaining on credit. The enterprise purchased goods worth RO ---- - Paid RO.----- cash and balance on credit. The business made a sale of RO. ----- (cost being RO -----) on credit basis. The business took loan of RO. from Bank Muscat The owner withdrew RO.----------------from the business for his/her personal use. Q2. Select any ONE organization of your choice and name atleast 7 common assets that business would need and specify some common liabilities, expenses the business would incur and name the sources of revenue. Q3. Journalise any 6 transactions of your choice with imaginary names / transactions I omr