On 12 February 20.1 Mr T Naidoo paid his account of R2 500 via EFT into the bank account of Abdoola Spaza.

The correct effect of the transaction on the basic accounting equation in the books of Abdoola Spaza is ...

Instructions:

1. Use a full stop to indicate any decimals (eg: 1000.01)

2. Round off to the second decimal after the full stop (eg: 50.56)

3. A decrease in an amount must be indicated by using a negative sign in front of the amount (eg: -1000.01)

4. An increase must be indicated by the amount without any sign (eg: 1000.01)

5. If an option has been provided and it is not applicable to the specific question please put N/A in the column.

6. First do the increase and then the decrease. N/A must be done last.

Equity =Assets -LiabilitiesRRRAnswer

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