Question

Q.1.3 (1) Mrs JK Lamb, owner of ABC Stationary, withdrew cash for R1 500 to pay one of their creditors. What is the effect on the accounting equation? (1) +1 500 (A) = + 1 500(L) (2) - 1 500 (A) = - 1 500(L) (3) +1 500 (A) = - 1500(L) (4) - 1500 (A) = + 1500(L)

Answer 1

Q.1.3 Journal is Creditor Dr. R 1500 R 1500 To Cash -1500 (A) = -1500 (L) Option 2) is correct a 1.5 Contribution per unit selling Price - Variable Cost - 2. Desired sales = 45- 20 = 25 Fixed Gst + Profit Sol. Unit Contribution cs Scanned with CamScanner

6o,ooo + doo, 25 Xu5 -R 4 68,000 is option - A R 225,000 Closest CS Scanned with CamScanner