Naledi Traders obtained a loan of R120 000 from the bank and purchased a vehicle for employees to use when traveling to court for the full amount Naledi Traders maintained a favourable bank balance Time left 1:11:47 Prepare the BAE Incorporating the information form the above transaction in the table below by indicating the net effect (amount) and the account debited and credited Instructions for numeric responses: 1 Use a full stop to indicate any decimals (eg 1000.01) 2. Round off to the second decimal after the full stop (eg 50.56) 3. When an element decreases, use a negative sign in front of the amount (eg -1000.01) 4. When an element increases, the amount will be without any sign (eg 1000 01) 5. Only show the amount, do not show the "R" (eg 1000) 6 If no amount should be recorded in any of the numeric spaces please indicate it by filling in a zero (0) Assets Equity = Liabilities
Naledi Traders obtained a loan of R120 000 from the bank and purchased a vehicle for employees to use when traveling to court for the full amount Naledi Traders maintained a favourable bank balance Time left 1:11:47 Prepare the BAE Incorporating the information form the above transaction in the table below by indicating the net effect (amount) and the account debited and credited Instructions for numeric responses: 1 Use a full stop to indicate any decimals (eg 1000.01) 2. Round off to the second decimal after the full stop (eg 50.56) 3. When an element decreases, use a negative sign in front of the amount (eg -1000.01) 4. When an element increases, the amount will be without any sign (eg 1000 01) 5. Only show the amount, do not show the "R" (eg 1000) 6 If no amount should be recorded in any of the numeric spaces please indicate it by filling in a zero (0) Assets Equity = Liabilities
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Naledi Traders obtained a loan of R120 000 from the bank and purchased a vehicle for employees to use when traveling to court for the
full amount Naledi Traders maintained a favourable bank balance
Time left 1:11:47
Prepare the BAE Incorporating the information form the above transaction in the table below by indicating the net effect (amount) and
the account debited and credited
Instructions for numeric responses:
1 Use a full stop to indicate any decimals (eg 1000.01)
2. Round off to the second decimal after the full stop (eg 50.56)
3. When an element decreases, use a negative sign in front of the amount (eg -1000.01)
4. When an element increases, the amount will be without any sign (eg 1000 01)
5. Only show the amount, do not show the "R" (eg 1000)
6 If no amount should be recorded in any of the numeric spaces please indicate it by filling in a zero (0)
Assets
Equity
=
Liabilities
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