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The company made a sale of goods for RO. 15000 (cost RO 10000) and received 30% in cash and balance on the account. Which of
The company made a sale of goods for RO. 15000 (cost RO 10000) and received 30% in cash and balance on the account. Which of the following is the correct presentation on the accounting equation? Select one: a. Assets = -10000 (stock of goods) +4500 (Cash) +10500 (Receivables) 11 Liabilities + Owners' Equity 0 + + 5000 (Profit) b. Assets ==1 Liabilities + Owners' Equity -10000 == 0 + + 2000 (Profit) (stock of goods) +12000 (Cash) O b. (Receivables) Assets -10000 (stock of goods) +12000 (Cash) 11 = Liabilities + Owners' Equity = 0 + + 2000 (Profit) Assets == -10000 (stock of goods) Liabilities + Owners' Equity = + 11500 (Receivables) + + 3000 (Profit) +4500 (Cash) O d. Assets = Liabilities + Owners' Equity = 0 + + 2000 (Profit) -10000 (stock of goods) +12000 (Cash)
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