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Show the effect of the following transacitions on the accounting equation i.e A(assets=Equity+liabilities No Assets = Equity + Liabilities 1,1 1,2 1,3 1,4 1,5 Transactions
Show the effect of the following transacitions on the accounting equation i.e A(assets=Equity+liabilities No Assets = Equity "+ Liabilities 1,1 1,2 1,3 1,4 1,5 Transactions
1,1 Purchased equipment by cheque,R3000
1,2 Bought stationary on credit,R2500
1,3 The owner increased his capital contribution by R100 000
1,4 Received a cheque from D.Thomas,a debtor who settled his account of R4200
1,5 Settled the account of a creditor,P.James by cheque ,R5000
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