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EN - US ( 3 0 Marks ) ACCOUNTING EQUATION ( VAT Ignored ) QUESTION 2 Amber PPE is a small South African business that
ENUS Marks ACCOUNTING EQUATION VAT Ignored QUESTION Amber PPE is a small South African business that specializes in selling and installation of Covid protective gear. Date Required i Details of transaction The owner Mr M Willie, contributed cash to the business Received service income for the month in cash The business paid for the director golf club subscriptions Our debtor, Ms P Khumalo, settled her account in full A computer was bought on credit for use by the receptionist Received rent, for part of the business premises sublet to a barber Paid salaries and wages for the month Bought staff refreshments for the week using petty cash Paid rent for the month Paid for water and electricity for the month ii Example: Question Paid for telephone and internet costs of R on the th Example: Solution Date Assets Cr Bank Owners Equity Dr Telephone and Internet Liabilities Amount R Show clearly how the
ENUS Marks ACCOUNTING EQUATION VAT Ignored QUESTION Amber PPE is a small South African business that specializes in selling and installation of Covid protective gear. Date Required i Details of transaction The owner Mr M Willie, contributed cash to the business Received service income for the month in cash The business paid for the director golf club subscriptions Our debtor, Ms P Khumalo, settled her account in full A computer was bought on credit for use by the receptionist Received rent, for part of the business premises sublet to a barber Paid salaries and wages for the month Bought staff refreshments for the week using petty cash Paid rent for the month Paid for water and electricity for the month ii Example: Question Paid for telephone and internet costs of R on the th Example: Solution Date Assets Cr Bank Owners Equity Dr Telephone and Internet Liabilities Amount R Show clearly how the
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