n January 1st, 2021 the business has total assets of RO 750 and liabilities of RO 250. How much is the owner’s equity? a. RO 500 b. RO 750 c. RO 250 d. RO 1000

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is