QUESTION $2$

$(20$ WARKS$)$

$2\mathrm{.}1$

REOUIRED

Show the effect of the following transactions of Niger Stores on the Accounting equation. Use $"+"$ to denote an increase, $"-"$ to denote a decrease and $"0"$ to denote no change to the elements of the equation. Follow the example given. Assume that the bank balance is always favourable.

Example: Obtained cash from the bank to start a petty cash fund, R$1000.$

$\backslash$table$[[$No$.,$Assets,$=,$Equity,$+,$Liabillties$],[$e$.$g$.,\backslash$table$[[-$ R$1000],[+$ R$1000]],0,0,,]]$

$(7$ marks$)$

TRANSACTIONS

$2\mathrm{.}1\mathrm{.}1$ Purchased a computer on credit, R$15000.$

$2\mathrm{.}1\mathrm{.}2$ Received R$2000$ cash from a debtor in settlement of her account.

$2\mathrm{.}1\mathrm{.}3$ The proprietor increased her capital contribution from R$300000$ to R$350000$ by transferring cash into the bank account of the business.

$2\mathrm{.}1\mathrm{.}4$ Made a payment to a creditor in part settlement of account, R$4000.$

$2\mathrm{.}1\mathrm{.}5$ Received R$2000$ cash from the tenant for rent.

$2\mathrm{.}1\mathrm{.}6$ Received interest at $9\%$ per year on the fixed deposit balance of R$24000$ for three months.

$2\mathrm{.}1\mathrm{.}7$ Obtained a loan of R$100000$ from Zen Bank.