Identify the most relevant transaction for this entry: Assets +12 000 Owners' Equity +12 000 O A. Paid R12 000 cash for rent. O B. Received R12 000 cash for rent. O C. Received R12 000 cash from debtors. O D. Paid R12 000 for insurance. 0 Liabilities

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter3: Basic Accounting Systems: Accrual Basis
Section: Chapter Questions
Problem 2SEQ: On January 24, 20Y8, Niche Consulting collected $5,700 it had hilled its clients for services...
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mancosaconnect.ac.za/mod/
ANCOSA
nancial Reporting and Analysis Jan22 Y1 S2
Identify the most relevant transaction for this entry:
Assets
+12 000
Previous page
O A. Paid R12 000 cash for rent.
O B. Received R12 000 cash for rent.
O C. Received R12 000 cash from debtors.
O D. Paid R12 000 for insurance.
O HI
Owners' Equity
+12 000
** A
O XII
Liabilities
Transcribed Image Text:mancosaconnect.ac.za/mod/ ANCOSA nancial Reporting and Analysis Jan22 Y1 S2 Identify the most relevant transaction for this entry: Assets +12 000 Previous page O A. Paid R12 000 cash for rent. O B. Received R12 000 cash for rent. O C. Received R12 000 cash from debtors. O D. Paid R12 000 for insurance. O HI Owners' Equity +12 000 ** A O XII Liabilities
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