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The owner of GS Electricians, Mr Gizmo Smith, deposited R10 000 on 1 March 20.1 as opening capital into the business bank account after obtaining

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The owner of GS Electricians, Mr Gizmo Smith, deposited R10 000 on 1 March 20.1 as opening capital into the business bank account after obtaining a personal loan from LG Bank Which of the following represents the correct general ledger entries and effect on the accounting equation? L A E A. General ledger Account debited Loan Account credited Capital +R10 000 0 +R10 000 L = A E B. General ledger Account debited Bank Account credited Capital 0 +R10 000 +R10 000 L = A E C. General ledger Account debited Loan Account credited Capital +R10 000 0 +R10 000 L = E D. General ledger Account debited Capital Account credited Bank 0 +R10 000 +R10 000 L E E. General ledger Account debited Capital Account credited Bank 0 -R10 000 -R10 000

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