21:55mymodules.unisa.ac.za/:Assignment 4Contentshe Remaining 127:14de/Show Time Remaining11 of 15-estion 1 of 202.0PAfrica Trades is a business that sells furniture and equipment items to its customers. Due to an increase in demand of Africa Tradersfurniture and equipment, Mr A Africa, who is the owner of Africa Traders, contributed his personal motor vehicle valued at R48 600 to thebusiness to assist with delivers in order to reduce the waiting period for delivers to customers. Africa Traders is not a registered VATvendorWhat will be the effect of the notor vehicle contributed by Mr. A Afica on the accounting equation?EQUITYCapital contributed willincrease equity by R48 600UABILITIES-ASSETSMotor vehicle will increasecurrent assets by RAB 00No efflect on LiabilitiesEQUITYASSETSLIABILITIESCapital contributed willincrease equity by R4B 600Motor vehicle will increasenon-curent assets byR48 600No effect on LiabilitiesO C.EQUITYASSETSIABILITIESMotor vehicle will increasenon-current assets byR48 600 and Bank accountwill decrease current assetsby R48 600No effect on LiabilitiesNo effect on equityD.UABILITIESEQUITYCapital contrbuted willdecrease equity by R48 600= ASSETSMotor vehicle will decreasecurrent assets by R48 600No effect on LiabilitiesReset SelectionSaverevious

The accounting equation states that assets equals to sum of liabilities and shareholders equity.

frica Traders is a business that sells furniture and equipment items to its customers. Due to an increase in demand of Atrica Trader urmiture and equipment, Mr. A Africa, who is the owner of Africa Traders, contributed his personal motor vehicle valued at R48 600 to usiness to assist with delivers in order to reduce the waiting period for delivers to customers. Africa Traders is not a registered VAT endor. hat will be the effect of the motor vehicle contributed by Mr A Atnica on the accounting equation? A. EQUITY Capital contributed will ncrease equity by R48 600. ASSETE Motor vehicle will increase current assets by RAB 600 LIABILITIES No efflect on Liabilities EQUITY ASSETS LIABILITIES Capital contributed will ancrease equity by R48 600 Motor vehicle will increase non-curment assets by R48 600 No effect on Liabilities C. IABILITIES EQUITY ASSETS Motor vehicle will increase

frica Traders is a business that sells furniture and equipment items to its customers. Due to an increase in demand of Atrica Trader urmiture and equipment, Mr. A Africa, who is the owner of Africa Traders, contributed his personal motor vehicle valued at R48 600 to usiness to assist with delivers in order to reduce the waiting period for delivers to customers. Africa Traders is not a registered VAT endor. hat will be the effect of the motor vehicle contributed by Mr A Atnica on the accounting equation? A. EQUITY Capital contributed will ncrease equity by R48 600. ASSETE Motor vehicle will increase current assets by RAB 600 LIABILITIES No efflect on Liabilities EQUITY ASSETS LIABILITIES Capital contributed will ancrease equity by R48 600 Motor vehicle will increase non-curment assets by R48 600 No effect on Liabilities C. IABILITIES EQUITY ASSETS Motor vehicle will increase

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 4.4C

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