ntorimal s (IRADE 9 NamE ANSWER SHEETS: QUESTION 1: ACCOUNTING EQUATION Study the following two transactions and complete the table: Goods bought by cheque from Macro Wholesalers, R22 000. Cash sales...

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ntorimal<br>s (IRADE 9<br>NamE<br>ANSWER SHEETS:<br>QUESTION 1: ACCOUNTING EQUATION<br>Study the following two transactions and complete the table:<br>Goods bought by cheque from Macro Wholesalers, R22 000.<br>Cash sales of merchandise, R40 000. (Mark-up is 60%)<br>1.<br>2.<br>Accounting equation<br>Owners'<br>General ledger<br>No.<br>Account debited<br>Account credited<br>Assets<br>Liabilit<br>equity<br>1.<br>Bank<br>+ 40 000<br>2.<br>Trading inventory<br>OR Trading Stock<br>

Extracted text: ntorimal s (IRADE 9 NamE ANSWER SHEETS: QUESTION 1: ACCOUNTING EQUATION Study the following two transactions and complete the table: Goods bought by cheque from Macro Wholesalers, R22 000. Cash sales of merchandise, R40 000. (Mark-up is 60%) 1. 2. Accounting equation Owners' General ledger No. Account debited Account credited Assets Liabilit equity 1. Bank + 40 000 2. Trading inventory OR Trading Stock

Jun 02, 2022
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