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Hi please simplify and solve step by step in detail, with theory please Naledi Traders obtained a loan of RI 00 000 from the bank
Hi please simplify and solve step by step in detail, with theory please
Naledi Traders obtained a loan of RI 00 000 from the bank and purchased a law library for the full amount. Naledi Traders maintained a favourable bank balance. Prepare the BAE incorporating the information form the above transaction in the table below by indicating the net effect (amount) and the account debited and credited: instructions for numeric responses: 1. Use a full stop to indicate any decimals (eg: 100001) 2. Round off to the second decimal after the full stop (eg: 50.56) 3. When an element decreases, use a negative sign in front of the amount (eg: -1000.01) 4. When an element increases, the amount will be without any sign (eg: 1000.01) 5. Only show the amount, do not show the (eg: 1000) 6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("O") Assets Equity Liabilities
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