Question: please answer the question Q1 Let us assume that Mr. Amir starts a business called Amir Enterprises on 1st January, 2021 and invests cash of

please answer the question Q1 Let us assume that Mr. Amir

please answer the question

Q1 Let us assume that Mr. Amir starts a business called Amir Enterprises on 1st January, 2021 and invests cash of RO. 20,000 as his capital. Amir Enterprise's purchases machinery worth RO. 1,000 paid 35% in cash and remaining on credit. The company purchased goods worth RO. 5,000. Paid RO. 2,000 cash and balance on credit The company made a sale of RO. 2800 (cost being RO 3000) on credit basis The company took Muscat. loan of RO. 10,000 from Bank Mr. Amir withdrew RO. 1,000 from the business for his personal use You need to record the above transactions in an equation form

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