We read your photo as:

| No | ASSETS | OWNER'S EQUITY | LIABILITIES |

Accounting

ScanSolve AI Answer

Here are the effects of the transactions on the accounting equation:

NoASSETSOWNER'S EQUITYLIABILITIES
EffectReasonEffectReasonEffectReason
E.g+R15 000Cash Increases+R15 000Capital increases0
3.1+R2 800Cash Increases+R2 800Rent Income0
3.2+R12 000Cash Increases+R12 000Current Income0
3.3+R30 000Cash Increases+R30 000Capital Increases0
3.4+R33 000Cash Increases0+R33 000Loan Increases
3.5+R125Bank Increases+R125Interest Income0
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