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Question 4 Complete the columns to show which item or items will increase or decrease and by how much from the following transactions (a
Question 4 Complete the columns to show which item or items will increase or decrease and by how much from the following transactions (a properly completed table will show a proof of the accounting equation). (32 marks total, 2 marks for each correct entry) Transactions Effect upon Assets Liabilities A The business pays creditors 280 in cash -280 -280 B The business bought fixtures for 800 paying by cheque C It bought goods worth 1,100 on credit D The owner of the business introduced another 2,000 cash in the business E Mr Bradford lends the business 800 in cash f A debtor pays the business 200 by cheque G The business returns goods costing 240 to a supplier whose bill the business had not paid h The business bought another shop building paying 20,000 by cheque Total Equity
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