BG Traders was able to recover R500 from Ms S Nel whose account was previously written off as irrecoverable. The effect of the above transaction on assets in the basic accounting equation. The account to be debited in the above transaction will be ... The effect of the above transaction on equity in the basic accounting equation. The account to be credited in the above transaction will be ... Choose... credit losses recovered Equity will increase with R500. Bank credit losses Assets will increase with R500. Equity will decrease with R500. trade receivables control/ Ms S Nel Assets will decrease with R500. Choose... Choose...

BG Traders was able to recover R500 from Ms S Nel whose account was previously written off as irrecoverable. The effect of the above transaction on assets in the basic accounting equation. The account to be debited in the above transaction will be The effect of the above transaction on equity in the basic accounting equation The account to be credited in the above transaction will be BG Traders was able to recover R500 from Ms S Nel whose account was previously written off as irrecoverable. The effect of the above transaction on assets in the basic accounting equation. The account to be debited in the above transaction will be The effect of the above transaction on equity in the basic accounting equation The account to be credited in the above transaction will be