FAC1502

(Exam Elaboration)FAC1502 Assignment 2 Semester 1 2023 (Questions & Answers); Rated A+ Last document update:   ago

Mr Moloi made a deposit of R 100 000 into his business bank account as a capital contribution to start his business. The effect of this transaction on the basic accounting equation will be ... Select one: A. an increase in equity and a decrease in assets. B. a decrease in assets and an increase in equity. C. an increase in assets and equity. v D. a decrease in liabilities and an increase assets. E. an increase in equity and an increase in liabilities. During the financial year, the ow...

FAC1502 ASSIGNMENT AND ANSWERS 2021/2022 Last document update:   ago

FAC1502 ASSIGNMENT AND ANSWERS 2021/2022 Part 1 of 4 - 4.0/ 8.0 Points Question 1 of 20 0.0/ 1.0 Points Make-it-Grow Salon bought hair trimming equipment from Wall Trimmers for R3 500 What is the net effect of this transaction on the elements of the basic accounting equa • A. Net effect on assets is R3 500 increase. • B. Net effect on assets is R0. • C. Net effect on equity is R3 500 decrease. • D. Net effect on assets is R7 500 increase. ...