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Mr Omar bought a Machinery for cash OMR 500....

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Accounting

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Mr Omar bought a Machinery for cash OMR 500. From the following options recognize the effect of the above transaction on different elements of financial statements. O a. The transaction result in an equal decrease in both assets and equity O b. None of the given options O c. The transaction result in an equal increase in both assets and equity d. The transaction result in an equal decrease in assets and increase in equity

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