Question 3 of 20 Africa Traders is a business that sells furniture and equipment items to its customers. Africa Traders obtained a loan from SA Bank for an amount of R500 000 What will be the effect of the loan received on the accounting equation? A. ASSET No effect on assets. = EQUITY Bank account of Africa Traders will be debited in the general ledger and this will results in an decrease of Africa Traders equity by R500 000 + LIABILITY Loan obtained from SA Bank will be credited in the general ledger and this will results in an increase of Africa Traders liability by R500 000 = EQUITY B. ASSET Bank account of Africa Traders will be credited in the general ledger and this will results in a decrease of Africa Traders assets by R500 000. No effect in equity + LIABILITY Loan obtained from SA Bank will be debited in the general ledger and this will results in a decrease of Africa Traders liability by R500 000. = EQUITY ASSET Bank account of Africa Traders will be debited in the general ledger and this will results in an increase of Africa Traders assets by R500 000 No effect in equity +LIABIUTY Loan obtained from SA Bank will be credited in the general ledger and this will results in an increase of Africa Traders liability by R500 000 + LIABILITY D. ASSET Bank account of Africa Traders will be debited in the general ledger and this will results in an increase of Africa Traders assets by R500 000 = EQUITY Loan obtained from SA Bank will be credited in the general ledger and this will results in an increase of Africa Traders equity by R500 000 No effect on liabilities