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Accounting equation questions and answers pdf south africa. Its list price is 1 000. Discuss and give your own examples. Decreasing credit red Assets Owners Equity Credit Debit Bank Cr R100000 Rent expense Dr R100000 Questions Answers Test yourself Accounting Equation st On the 1 January 2012 you decided to start a sweets business buying and selling sweets.
Part of these assets is provided by the owner total amount of funds contributed by him is called owners equity or capital. Accounting equation shows that the total assets should be equal to the total liabilities and stockholders equity. If the owner is the only one who contributed.
Answer all the questions in the answer book provided. After marking the exercise in class always check your errors. ACCOUNTING SCHOOL-BASED ASSESSMENT EXEMPLARS 2 CAPS GRADE 12 LEARNER GUIDE QP Task A NOTE TO TEACHERS.
Via Afrika Publishers Accounting Grade 10 3 3 Accounting study tips General tips It is important that you do your homework every day dont copy. If your concern is faithfulness it is a ministry. Relevant to CAPSThis task comprises two parts.
Relationships between the components of the accounting equation and also for solving example problems. Read the questions very carefully before you attempt to answer it. Introduce the three main components.
See every exercise as part of your preparation for the testexam. Write neatly and legibly. The left side of accounting equation represents the resources of an entity.
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