Trading businesses

• R1 100

• R250

• R275

• R300

• R450

• R138,89

• R200

• R1 000

• 350 %

• 50%

• 100%

• 75%

On which side would you record a decrease in the bank account?

• Debit

• Credit

On which side would you record an increase in an expense account?

• Debit

• Credit

On which side would you record an increase in the capital account?

• Debit

• Credit

What would the two affected accounts be if a business received cash for rent?

• Bank and Rent

• Bank and Rent Income

• Bank and Rent Expense

• Debtors Control and Rent Income

Which of the following is correct when a business buys a computer for cash?

• Debit Equipment, Debit Bank

• Debit Equipment, Credit Bank

• Debit Computer, Credit Bank

• Debit Bank, Credit Computer

Which of the following is correct when a business buys a computer for cash?

• Assets increase and Owner's equity decreases

• Assets increase and Owner's equity increases

• Assets increase and Assets decrease

• Assets increase and Liabilities increase

Which of the following is correct when a business takes out a loan from the bank?

• Debit Loan, Credit Bank

• Credit Loan, Debit Bank

• Credit Bank, Credit Loan

• Debit Bank, Debit Loan