Mr S Nome owns a business called Quick Foods. He forgot to pay his rent for his flat at 31 December 20.2. He quickly made an EFT of R6 500 from the bank account of Quick Foods directly into the bank account of the owner of the flat. The correct analysis of the effect of the given transaction on the general ledger and the accounting equation of Quick Foods is ... QUICK FOODS

QUICK FOODS

General ledger		Liabilities	Assets	Equity
Account debited	Account credited
		R	R	R
Answer	Answer	Answer	Answer	Answer