A company has Assets of OMR 35,000, Liabilities of OMR 15,000, and Equity of OMR 20,000. During this period, the company provided service on the credit of OMR 5,000. What will be the new total of Assets, Liabilities, and Equity after this transaction?

a.

Asset OMR 35,000, liabilities OMR 15,000 and equity 20,000

b.

Asset OMR 40,000, liabilities OMR 20,000 and equity 20,000

c.

Asset OMR 35,000, liabilities OMR 10,000 and equity 25,000

d.

Asset OMR 40,000, liabilities OMR 15,000 and equity 25,000

Answer rating: 100% (QA)

Answer25 Option d is the correct answer Assets OMR 40000 Liabilitie... View the full answer