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Question 13 of 20 Marakele Traders which is not registered as a VAT vendor, purchased equipment for R10 000 on credit from ABS Wholesalers. Which
Question 13 of 20 Marakele Traders which is not registered as a VAT vendor, purchased equipment for R10 000 on credit from ABS Wholesalers. Which one of the following options represents the correct analysis of the above transaction in the accounting records of Marakele Traders? Account to be credited Creditors control Assets = Account to be debited Equipment Equity + Liabilities + R10 000 + R10 000 RO B. Account to be debited Account to be credited Assets = Equity + Liabilities Equipment Bank + R10 000 R10 000 RO RO C. Account to be debited Account to be credited Assets = Equity + Liabilities Creditors control Equipment -R10 000 1 RO R10 000 D. Account to be debited Account to be credited Assets = Equity + Liabilities + R10 000 - R10 000 Bank Equipment RO RO
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