1.6 Show the dual aspect, as it affects the accounting equation (assets - liabilities = capital),...

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1.6 Show the dual aspect, as it affects the accounting equation (assets - liabilities = capital), of the following transactio

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Transaction No	Assets	Liabilities	Capital	Explanation
1	8,000.00	-	8,000.00	(Buisiness started bank balance (Asset) as Capital
2	4,000.00	-	-	Buys a computer(Asset) for cash/bank (Asset)
(4,000.00)	-	-
3	3,000.00	3,000.00	-	Obtains a loan (Liability) by Cheque (Asset)
4	6,000.00	-	-	Buys a Van (Asset) for cash/bank (Asset)
(6,000.00)	-	-
Total	11,000.00	3,000.00	8,000.00

Total Asset = 11,000

Total Libilities = 3,000

Capital = ( Assets - Liabilities ) = 8,000

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Answer 2

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