The company bought goods worth RO. 15000.  For cash RO. 8000 and the balance on credit. Which of the following is the correct presentation on the accounting equation?   Select one: a. Assets = Liabilities + Owners' Equity +15000 (stock of goods) -8000 (cash) = 7000 (payables  ) + 0 b. Assets = Liabilities + Owners' Equity   -8000 (cash) = +15000 (stock of goods) + -7000 (payables  ) c. Assets = Liabilities + Owners' Equity +15000 (Stock of goods) = +7000 (Payables) + +8000 (Cash  ) d. Assets = Liabilities + Owners' Equity +15000 (stock of goods) -8000 (cash) = 0 + 7000 (payables  )

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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