On 15 February 20.1 Abdoola Spaza sold goods to the value of R21 360, on credit,...

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On 15 February 20.1 Abdoola Spaza sold goods to the value of R21 360, on credit, to Mrs S Dlamini. Abdoola Spaza uses the periodic inventory system. The correct effect of the transaction on the basic accounting equation in the books of Abdoola Spaza is ... Instructions: 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Round off to the second decimal after the full stop (eg: 50.56) K 3. A decrease in an amount must be indicated by using a negative sign in front of the amount (eg: -1000.01) 4. An increase must be indicated by the amount without any sign (eg: 1000.01) 5. If an option has been provided and it is not applicable to the specific question please put N/A in the column. 6. First do the increase and then the decrease. N/A must be done last. 3. A decrease in an amount must be indicated by using a negative sign in front of the amount (eg: -1000.01) 4. An increase must be indicated by the amount without any sign (eg: 1000.01) 5. If an option has been provided and it is not applicable to the specific question please put N/A in the column. 6. First do the increase and then the decrease. N/A must be done last. Equity = R Assets - 7 R Liabilities R On 15 February 20.1 Abdoola Spaza sold goods to the value of R21 360, on credit, to Mrs S Dlamini. Abdoola Spaza uses the periodic inventory system. The correct effect of the transaction on the basic accounting equation in the books of Abdoola Spaza is ... Instructions: 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Round off to the second decimal after the full stop (eg: 50.56) K 3. A decrease in an amount must be indicated by using a negative sign in front of the amount (eg: -1000.01) 4. An increase must be indicated by the amount without any sign (eg: 1000.01) 5. If an option has been provided and it is not applicable to the specific question please put N/A in the column. 6. First do the increase and then the decrease. N/A must be done last. 3. A decrease in an amount must be indicated by using a negative sign in front of the amount (eg: -1000.01) 4. An increase must be indicated by the amount without any sign (eg: 1000.01) 5. If an option has been provided and it is not applicable to the specific question please put N/A in the column. 6. First do the increase and then the decrease. N/A must be done last. Equity = R Assets - 7 R Liabilities R

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SOLUTION To record the transaction in the books of Abdoola Spaza we need to follow the basic account... View the full answer