ACCOUNTING EQUATION

$1$e FORMULA for Accounting Equation is as follows:

Assets $=$ Owner's Equity $+$ Liabilities

Owner's Equity $=$ Assets $-$ Liabilities

Liabilities $=$ Assets $,$ Owner's Equity

STEPS WHEN ANALYSING TRANSACTIONS ACCORDING TO ACCOUNTING EQUATION

Identify the two accounts affected

Classify the accounts

Analyse the effect on the accounting equation by applying the Accounting principles. Which one will be debited and which one will be credited; which one will increase and which one will decrease and why

FORMAT OF THE ACCOUNTING EQUATION

$\backslash$table$[[,,$ASSETS $=,$OWNER'S EQUITY $+,$LIABILITIES$],[$NO$.,$Source document,Effect,Reason,Effect,Reason,Effect,Reason$],[,,,,,,,],[,,,,,,,],[,,,,,,,]]$

$1$ B Dladla deposited R$50000$ into the bank account of the business as his capital contribution. The business issued him with receipt $001$

$6$ According to the Cash Register Roll, the business received R$12000$ for service rendered.

Business received EFT No$.1$ from Z$.$ Zondi amounted to R$3500$ for service provided.

$10$ Fees received for service provided according to the Cash Register Roll total R$16000.$

B Diadla invested another R$10000$ as part of his capital contribution and the business issues him with receipt.

$15$ The business received R$11000$ according to the Cash Register Roll for service rendered.

$19$ S$.$ Mazibuko paid the business R$2500$ via EFT for service rendered.

$25$ The Cash Register Roll showed a total of R$10500$ for service rendered.

$29$ The business rocolvod cash from V$.$ Sosibo for rent of part of buildings. The rent was R$2500.$