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 paid R1 500 to municipality as deposit for electricity and water. Question 2Answer a. Increase and decrease assets, increase equity and decrease liabilities. b. Increase and decrease assets, decrease equity and no effect on liabilities. c. Increase and decrease assets, no effect on both equity and liabilities. d. Decrease in assets, decrease in equity and no effect on liabilities