The Accounting Equation relating to governmental units is not the same as that of Commercial organizations. Given below are 10 transactions. Show how you would record the same in the accounting equation: a. A fund was set up for OMR 100,000 for which cash was contributed by a philanthropist. b. There was an asset purchased on credit terms which created an encumbrance of OMR 14,000. c. The government provided a loan of OMR 12,000 to the government of UAE and a note was created for the same. d. The government of India imported goods worth OMR 50,000 from Oman with a promise to pay later. e. The government of India later issued a cheque for OMR 12,000 to reduce the note it had made. f. The government of Oman charges for visa fees OMR 200 each from 20 expatriates to enable them to work in the country which was received in cash. g. The government further paid landing charges to the government of UAE for allowing Oman Air flights to land there, which amounted to OMR 2,750. h. The government also purchases oil to the neighboring country for OMR 44,000, for which it made a note of OMR 25,000 and the remaining was paid in cash. i. The government sent an invoice for services rendered to a customer to the extent of OMR 3,000. j. The income created out of provision of electricity to the residents of the country amounted to OMR 13,242. Show the effect of the above transactions on the Accounting Equation. Liabilities Fund Balance Revenues Expenditure Asset