We read your photo as:

Complete the accounting equations for these transactions: Bought a vehicle for R30 000, paid by cheque. Bought wood sander for R2 000, paid by cheque.

Accounting

ScanSolve AI Answer

Here are the completed accounting equations for transactions 3 and 4:

3. Bought a vehicle from L Botha for R30 000 and paid by cheque.

AssetsOwner's EquityLiabilities
EffectReasonEffectReasonEffectReason
−R30 000- \text{R}30\,000Cash decreased
+R30 000+ \text{R}30\,000Vehicles increased

4. Bought a wood sander from R Rheeder. Paid by cheque, R2 000.

AssetsOwner's EquityLiabilities
EffectReasonEffectReasonEffectReason
−R2 000- \text{R}2\,000Cash decreased
+R2 000+ \text{R}2\,000Equipment increased
Was this helpful?

Still stuck on this one?

Ask a follow-up, and the answer starts from this question.

Got a different question?Ask your own question
Handwritten step-by-step solution preview

Handwritten Step-by-Step Solution

Get this as a handwritten image on WhatsApp — like a tutor wrote it for you.

Try on WhatsApp