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If assets increased by R 5 , 0 0 0 and owner's equity increased by R 1 , 0 0 0 during the accounting period,

If assets increased by R $5, 000$ and owner\'s equity increased by R $1, 000$ during the accounting period, then the liabilities must have:

A $.$ Increased by R $6, 000 .$

B $.$ Increased by R $4, 000 .$

C $.$ Decreased by R $4, 000 .$

D $.$ Decreased by R $6, 000 .$

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Question

If assets increased by R 5 , 0 0 0 and owner's equity increased by R 1 , 0 0 0 during the accounting period,

If assets increased by R5,000 and owner\'s equity increased by R1,000 during the accounting period, then the liabilities must have: A. Increased by R6,000. B. Increased by R4,000. C. Decreased by R4,000. D. Decreased by R6,000.

Step by Step Solution

Step: 1

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Document Format ( 2 attachments)

6642a3aa43eca_977127.pdf

6642a3aa43eca_977127.docx

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Recommended Textbook for

Linear Algebra A Modern Introduction

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If assets increased by R $5, 000$ and owner\'s equity increased by R $1, 000$ during the accounting period, then the liabilities must have:

A $.$ Increased by R $6, 000 .$

B $.$ Increased by R $4, 000 .$

C $.$ Decreased by R $4, 000 .$

D $.$ Decreased by R $6, 000 .$