Show the effect on the of the following transactions of ABC Traders on the Accounting Equation. Use ‘+’ to denote an increase, ‘- ‘ to denote a decrease and ‘0’ no change to the elements of the equation . Assume the Bank balance is favourable all the times.
Show the effect on the of the following transactions of ABC Traders on the
Use ‘+’ to denote an increase, ‘- ‘ to denote a decrease and ‘0’ no change to the elements of the equation .
Assume the Bank balance is favourable all the times.
Transactions
1.1 Received rent from a tenant, cash, R 5 000.
1.2 Received an account from G-Force Motors for motor vehicle repairs, R 10 500.
1.3 Issued a cheque to Techno Traders for equipment purchased, R 45 000.
1.4 Issued a receipt to the proprietor who increased her capital contribution by R 250 000.
1.5 Received a R14 800 from a debtor settled his account.
1.6 Purchased a cash register machine on credit, R28 000.
1.7 Received R3 000 interest on fixed deposit.
1.8 Services rendered to customers on credit, R5 500.
1.9 Received a cheque for R1 700 from a debtor in full settlem
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