If the value of liabilities is 30000 OMR andAssets are 100000 OMR. Which of thefollowing is the amount of Owner Capital?Select one:O a. 100000 OMRb. 90000 OMRO c. 10000 OMRO d. 70000 OMR On 15 December 2020; Saadah Companypurchased goods at the amount of 42500OMR and paid 12500, the balance is onaccount.Which of the following is the correctjournal entry for this transaction?Select one:O A.DateAccountsDebit Credit(RO) (RO)Goods425003000015.12.2020PayableCash12500О в.Debit Credit(RO) (RO)DateAccountsPayable3000015.12.2020 Cash12500Goods42500DateAccountsDebit Credit(RO) (RO)Payable3000015.12.2020Cash12500Goods42500D.DateAccountsDebit Credit(RO)(RO)Goods425003000015.12.2020CashPayable12500

1) Given: Assets = 100,000 OMR Liabilities = 30,000 OMR Owner Capital = Assets - Liabilities =…

Answered: Lssets are 100000 OMR ollowing is the…

Business

Accounting

Lssets are 100000 OMR ollowing is the amount o elect one: O a. 100000 OMR O b. 90000 OMR O c. 10000 OMR

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ote: Total Aet-Cuat linbiwbe Accumulated fundo tthistoation: The recepts and gagmetsalleunte of Liar c for the you Balane If Sub saptindn knded 2lst Delamt 1999 Wee ce Inserrance Rate l,000 ting 3,650 L, 700 600 Glavenalerpanes 6itor Reut fnnitume Sought lana /d 27,250 Sonatins 8,500 8,150 7,80 2,St0 27250 The fillowing nformetim Rates were 3600 2,F00 popaid Geneal Raputes prepaid Doo Raut Buing Subsaptim in Qureas 100 75 Foo 600 The foced assets funituns Cnd fifting Premies bepreciate thu Asets as at Ist jan 999 were; at1,500 A5,00 by o pepare; Youre veequired to Statemat of affats - m Come and"copenditwe allounts 2 Balane sheetas at 3lst Delember 1999,
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