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(3): [Total: 18 Marks] Re-write the following table in your answer booklet and complete the columns to show the effects (Increase / Decrease / No
(3): [Total: 18 Marks] Re-write the following table in your answer booklet and complete the columns to show the effects (Increase / Decrease / No effect) with the correct Account name for the above transactions on Assets, Liabilities and owner's equity. a) Owner pays capital into the bank b) Sale of inventory for cash to Narnia c) Pay a creditor by cash d) Business buys a Machine by cheque e) Owner takes goods from business for personal use f) Business gives loan to Miranda by cheque Effect upon Assets Liabilities Owner's Equity You
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