Question: Please only select the correct answer. No need for explanation I need it urgently I will give you a thumbs up as soon as you

 Please only select the correct answer. No need for explanation I

Please only select the correct answer. No need for explanation I need it urgently I will give you a thumbs up as soon as you submit the answer

16. Which one of the following transactions will not affect the Total Assets? a) Purchase of aquipment for cash OMR 1,000 b) Prrchese of supplies on account OMR 200 c) Paformed sarvios for cash OMR 500 d) Paformed sarices on account OMR 500 17. A deblit entry to an account; a) lacreter aseets b) Increaser lisbilitities c) locreases equity d) Incrases revenue 18. Which one of the following transactions will not affect the equity to increase or decrease? a) Purchased equipment on account OMR 5,000 b) Paid rent for the month OMR 200 c) Provided services to customers on account OMR 1,000 b) Onner withdraws OMR 2,000 from the business for personal use 19. At the beginning of the year ABC Ltd had cash OMR 150,000 and the liabilities were OMR 20,000. During the year liabilities decreased by OMR 5,000 and assets increased by OMR 50,000. What is the Owners' equity at the end of the year? a) OMR185,000 b) OMRI30,000 c) OMRI70,000 d) OMR 215,000 20. A company has cash of OMR 5,000; equipment of OMR 8,000; accounts receivable of OMR 10,000; accounts payable of OMR 3,000; common stock of OMR 12,000; retained earnings of O.MR \&,000; revenues of assets of the a) OMR I3,000 b) OMR23,000 c) OMR26,00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!