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You are required to prove the accounting equation after each of the transactions by preparing the balance sheet. 1/1/2020. Ali started business with cash OMR

You are required to prove the accounting equation after each of the transactions by preparing the balance sheet. 1/1/2020. Ali started business with cash OMR 150,000 2/1/2020. Opened a bank account by depositing cash OMR 250 3/1/2020. Bought furniture for cash OMR 300 4/1/2020. Bought a car for cash OMR 10,000 5/1/2020 Purchased goods on credit from Abdullah OMR 15,000

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