Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. plz solve it quickly question 23 not yet answered

plz solve it quickly Question 23 Not yet answered Marked out of 100 p...

80.2K

Verified Solution

Question

Accounting

image plz solve it quickly
Question 23 Not yet answered Marked out of 100 p Flag question Hameed, a trader who did not keep proper books of records, now decided to keep a double entry set of books on 3 January 2020, he establishes that his assets and liabilities are as follows: Assets Machinery OMR 5.000: Cash OMR 1,000; Inventory OMR 500. Liabilities: Creditors OMR 4.000. What is amount of capital recorded in the general journal? O a OMR 4.000 O b. OMR 6.500 c. OMR 5.500 O d. OMR 2.500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Why is the times interest earned ratio considered important? ANswer in 100-150 words

Accounting
Q

What would be the correct closing entries for the following: The notes payable balance relates to...

Accounting
Q

wo simple harmonic motions are represented by the equations y 0 1 sin 100nt F...

Physics
Q

T Text Highlight 43 2 Express g in terms of f VA 4 VA 4...

Basic Math
Q

Type the standard notation value for 2 593E 4 Recall the E represents 10 in...

Statistics
Q

ST Find 10 2 if sin x

Calculus
Q

Consider the function f x derivatives are given by f x 16x x 4 x...

Calculus
Q

13. If the consumption function is C=20+0.8Y^D then an increase in disposable income (Y^D) by...

Accounting
Q

BOS 224A and B-Accounting for Decision-Making Canvas Problem: Stock Issuance and Treasury Stock Transactions On...

Accounting
Q

You run a restaurant and are considering adding Indian cuisine to the regular burger menu....

Accounting
Q

Bir projenin balang maliyeti 52.125$, 7 yl boyunca ylda 12.000$ beklenen net nakit girii ve...

Finance
Q

What discount rate would make you indifferent between receiving $3,753.00 per year forever and $5,595.00...

Finance