Question: (Note: Marks will be given according to CEMIS evaluaiton rubric) Read the following details carefully. Ms. Zubaida has started a bakery business as sole proprietorhip

(Note: Marks will be given according to CEMIS

(Note: Marks will be given according to CEMIS evaluaiton rubric) Read the following details carefully. Ms. Zubaida has started a bakery business as sole proprietorhip on 1st Jan-2020, Nizwa, Firq and registered her business under the name Zee Bakes LLC. The bsusiness buys bakery items from house hold, Muscat Cakes and Bakes LLC, Oman and sells it in Nizwa, Oman. She adopts innovative idea to attract customers. The business has only retial customers spread around Oman. All customers are credit customers. The business has the following items as on 30th June 2021: SI No. Items OMR 1) Mortgage on Building 25000 2) Stock 30000 3) Loan from Bank Muscat 25000 4) Fixtures 29000 5) Furnitures 36000 6) Soft Cake LLC (Muscat retail 50000 customers) 7) Loan given to her brother, Mr. 9000 Zaheer 8) Capital ? 9) Vans 37000 10) Car 20000 11) Premises 50000 12) Cash at Bank 900 2) Discuss about: a) Customers of the business, b) Identify the items (assets/ liabilities) in the business c) Calculate Capital of the Ms. Zubaida's business

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