FAC1502
California University Of Pennsylvania
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Examen
(Exam Elaboration)FAC1502 Assignment 2 Semester 1 2023 (Questions & Answers); Rated A+
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---29mayo 20232022/2023A+
- 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...
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Examen
FAC1502 ASSIGNMENT AND ANSWERS 2021/2022
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---130junio 20222021/2022A
- 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 
 
 
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A. 
Net effect on assets is R3 500 increase. 
 
 
 
 
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B. 
Net effect on assets is R0. 
 
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C. 
Net effect on equity is R3 500 decrease. 
 
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D. 
Net effect on assets is R7 500 increase. 
 
 
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