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On 1 May 2022 Nkosi started a cleaning service business. Five of the transactions for the month ended 31 May 2022 are listed below.
On 1 May 2022 Nkosi started a cleaning service business. Five of the transactions for the month ended 31 May 2022 are listed below. Choose the correct option to show what effect the following transactions would have on the basic accounting equation: Assets Equity Liabilities. Nkosi provided services to Jam Entertainment Centre for R15 000 on credit. Oa. Increase assets, no effect on equity and increase liabilities. Ob. Increase assets, increase equity and no effect on liabilities. Oc Decrease assets, increase equity and no effect on liabilities. d. Increase assets, decrease equity and no effect on Siabilities.
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