Question
Show the accounting equation based on following transaction. 1. Mr. Ahamed started business OMR 20,000 2. Purchased furniture for cash OMR 3000 3. Purchased goods
Show the accounting equation based on following transaction.
1. Mr. Ahamed started business OMR 20,000
2. Purchased furniture for cash OMR 3000
3. Purchased goods for cash OMR 5,500
4. Purchased goods from Mr. Salim on credit OMR 5,200.
5. Provide services for cash OMR 6,000
6. Paid for stationery OMR 300
7. Provide services to Mr. Jasim on credit OMR 7,000
8. Paid for advertisement OMR 400
9. Provide services OMR 3,400
10. Purchased goods OMR 2,100
11. Paid to Mr. Salim OMR 4,000
12. Received cash from Mr. Jasim OMR 5,500
13. Received commission OMR 300
14. Withdraw for personal use OMR 300
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