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On 18 February 20.1 Abdoola Spaza had a bank balance of R1 000. On 19 February 20.1 the bookkeeper of Abdoola Spaza made an EFT
On 18 February 20.1 Abdoola Spaza had a bank balance of R1 000. On 19 February 20.1 the bookkeeper of Abdoola Spaza made an EFT to Telkom to pay the amount of R2 400 for the telephone expenses for January 20.1. 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
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