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2.1 Show the effect of the following transactions in the accounting equation. (15) 1. The owner deposited R60000 into business current account as his contribution.

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2.1 Show the effect of the following transactions in the accounting equation. (15) 1. The owner deposited R60000 into business current account as his contribution. 2. Sold goods on credit to F Malila for R7000 (Cost price R4500 ). 3. Business obtained a loan of R30 000 from FCB Bank, the money was transferred to the business cu 4. Bought stationery on credit, R300. 5. Owner withdrew R400 for personal use

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