Q1 . Complete the following into meaningful transactions. Solve them in basic accounting equation. Find the effect on Asset / Liabilities and Owner Equity and give the net result of the transactions. а) starts a business called enterprise on 1st January, 2021 and invests ------as his /her capital. --enterprise purchases machinery paid 35% in cash and b) worth RO. remaining on credit. c) The enterprise purchased goods worth RO.---- -. Paid RO.----- cash and balance on credit. d) The business made a sale of RO. (cost ---- - being RO -----) on credit basis. e) The business took loan of RO. from Bank Muscat . withdrew RO.------- the business for his/ her personal use. o The owner ---from

Q1 . Complete the following into meaningful transactions. Solve them in basic accounting equation. Find the effect on Asset / Liabilities and Owner Equity and give the net result of the transactions. а) starts a business called enterprise on 1st January, 2021 and invests ------as his /her capital. --enterprise purchases machinery paid 35% in cash and b) worth RO. remaining on credit. c) The enterprise purchased goods worth RO.---- -. Paid RO.----- cash and balance on credit. d) The business made a sale of RO. (cost ---- - being RO -----) on credit basis. e) The business took loan of RO. from Bank Muscat . withdrew RO.------- the business for his/ her personal use. o The owner ---from

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Description: Q1. Complete the following into meaningfultransactions . Solve them in basic accountingequation. Find the effect on Asset / Liabilitiesand Owner Equity and give the net result of thetransactions.а)starts a businesscalledenterprise on 1st January, 20

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 16EA: Discuss how each of the following transactions for Watson, International, will affect assets,...

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