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b Mr. Nasser decided to start a courier service Business in...

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Accounting

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Mr. Nasser decided to start a courier service Business in Ibri that named as Prompt delivery service. On 14 January 2020, he invested OR. 45,000 cash in the business. 3rd January. The business purchased furniture worth OR. 2,000 and paid cash. 10th January. The business purchased office supplies worth RO.2,000 from sohar Traders LLC and paid cash OR.500, and agreed to pay balance after one month. 15th January. The business performed a service to a customer and receives OR. 900 cash. 25th January. The business paid salaries to employees totalled OR.600 30th January. Mr. Nasser withdraw cash of OMR 200 from the business for his personal use. You are required to show the effect of above transactions on accounting equation and prove the accounting equation the end. (Marks 3) filec 10

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