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Ms. Marwa started a flower shop during May 2018, Prove the accounting equation by balancing the following items. Capital OMR 25,400; Accounts Payable OMR 2,600; Fixtures OMR 2,800; Car OMR 3,900; Stock of goods OMR 4,550; Accounts Receivable OMR 2,780; Cash at bank OMR 6,750; Cash in hand OMR 7,220.                       During the first week of May 2018, if the following transaction takes place how the accounting equations changes:                                          She bought extra stock for goods OMR 500 on Credit.        She bought a computer by cash OMR 750.

Ms. Marwa started a flower shop during May 2018, Prove the accounting equation by balancing the following items. Capital OMR 25,400; Accounts Payable OMR 2,600; Fixtures OMR 2,800; Car OMR 3,900; Stock of goods OMR 4,550; Accounts Receivable OMR 2,780; Cash at bank OMR 6,750; Cash in hand OMR 7,220.                       During the first week of May 2018, if the following transaction takes place how the accounting equations changes:                                          She bought extra stock for goods OMR 500 on Credit.        She bought a computer by cash OMR 750.

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
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Ms. Marwa started a flower shop during May 2018, Prove the accounting equation by balancing the following items.

Capital OMR 25,400; Accounts Payable OMR 2,600; Fixtures OMR 2,800; Car OMR 3,900; Stock of goods OMR 4,550; Accounts Receivable OMR 2,780; Cash at bank OMR 6,750; Cash in hand OMR 7,220.                    

 

During the first week of May 2018, if the following transaction takes place how the accounting equations changes:                                         

  1. She bought extra stock for goods OMR 500 on Credit.       
  2. She bought a computer by cash OMR 750.                         

 

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