| No | ASSETS | OWNER'S EQUITY | LIABILITIES |
This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
Alright Kgethego — let's do this.
Here are the effects of the transactions on the accounting equation:
| No | ASSETS | OWNER'S EQUITY | LIABILITIES |
| :-- | :----------------------------------- | :----------------------------------- | :----------------------------------- |
| | Effect | Reason | Effect | Reason | Effect | Reason |
| E.g | +R15 000 | Cash Increases | +R15 000 | Capital increases | 0 | |
| 3.1 | +R2 800 | Cash Increases | +R2 800 | Rent Income | 0 | |
| 3.2 | +R12 000 | Cash Increases | +R12 000 | Current Income | 0 | |
| 3.3 | +R30 000 | Cash Increases | +R30 000 | Capital Increases | 0 | |
| 3.4 | +R33 000 | Cash Increases | 0 | | +R33 000 | Loan Increases |
| 3.5 | +R125 | Bank Increases | +R125 | Interest Income | 0 | |
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