Land OMR 5,000 Bank Loan OMR 3,000 Rent Paid OMR 350 Stock OMR 1,200 Debtors...
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Accounting
Land OMR 5,000
Bank Loan OMR 3,000
Rent Paid OMR 350
Stock OMR 1,200
Debtors OMR 500
Creditors OMR 400
Interest earned OMR 100
Machine OMR 2,000
Commission received OMR 800
Salary payable OMR 600
Under the chapter of elements of financial statements, classify the above information and select the correct value of the elements:
a) Income OMR 800
b) Liabilities OMR 3,400
c) Asset OMR 8,700
d) Expenses OMR 950
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