Example: Purchase stationery of R50 from petty cash. Account debit Account credit Asset Equity Liability Stationery Petty cash (R50) (R50) 1. A rental agreement, effective 1 April 2021, stipulates that the rental expense of R4 500 increases annually with 8% on 1 April. At financial year-end, 31 March 2023, the rental balance reported in the general ledger amounted to R63 568.80 (3) 2. A motor vehicle, originally purchased for R320 000 on 1 December 2020, is depreciated at 20% on