Global company, owned by Miss Aida, provides advertising poster. During January 2019, the following events occurred: 1st Jan: Owner invested in Cash OMR. 20000 into the business. 2nd Jan: Office supplies were purchased on credit for OMR. 4000. 3rd Jan: Miss Aida withdrew OMR. 6000 of cash for personal use. Q1. What is the Debit account for 15t Jan transaction? Capital OMR 20000 Bank OMR 20000 Cash OMR 20000 Q2. What is the Credit Account for 1st Jan transaction? Drawings OMR 20000 Q3. What is the Credit Account for 2nd Jan transaction?
Global company, owned by Miss Aida, provides advertising poster. During January 2019, the following events occurred: 1st Jan: Owner invested in Cash OMR. 20000 into the business. 2nd Jan: Office supplies were purchased on credit for OMR. 4000. 3rd Jan: Miss Aida withdrew OMR. 6000 of cash for personal use. Q1. What is the Debit account for 15t Jan transaction? Capital OMR 20000 Bank OMR 20000 Cash OMR 20000 Q2. What is the Credit Account for 1st Jan transaction? Drawings OMR 20000 Q3. What is the Credit Account for 2nd Jan transaction?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:2nd Jan: Office supplies were purchased on credit for OMR. 4000.
d Jan: Miss Aida withdrew OMR. 6000 of cash for personal use.
Q1. What is the Debit account for 1st Jan transaction?
Q2. What is the Credit Account for 1st Jan transaction?
Q3. What is the Credit Account for 2nd Jan transaction
Bank OMR 6000
Account Receivable OMR 6000
Drawings OMR 6000
Capital OMR 6000
Q4. What is the Debit account for 3rd Jan transaction?
Transcribed Image Text:Global company, owned by Miss Aida, provides advertising poster. During January 2019, the following events occurred:
1st Jan: Owner invested in Cash OMR. 20000 into the business.
2nd Jan: Office supplies were purchased on credit for OMR. 4000.
3rd Jan: Miss Aida withdrew OMR. 6000 of cash for personal use.
Q1. What is the Debit account for 1st Jan transaction?
Capital OMR 20000
Bank OMR 20000
Cash OMR 20000
Q2. What is the Credit Account for 1st Jan transaction?
Drawings OMR 20000
Q3. What is the Credit Account for 2nd Jan transaction?
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