Question: Identify the most relevant transaction for below entry Assets Owners Equity Liabilities plus 50000 0 plus 50000 A.Bought inventory on credit R50 000. B.Sold inventory

Identify the most relevant transaction for below entry

Assets

Owners Equity

Liabilities

plus 50000

0

plus 50000

A.Bought inventory on credit R50 000.

B.Sold inventory on credit R50 000.

C.Sold inventory on credit R50 000.

D.Cash paid to creditors R50 000

True or false

5.South African Receiver of Revenue (SARS) has no interest in the Financial Statements of businesses.

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