Question: Select one: True False Identify the most relevant transaction for this entry: A. R7 000000 cash paid for property. B. The owner contributed a capital

Select one: True False Identify the most relevant transaction for this

Select one: True False Identify the most relevant transaction for this entry: A. R7 000000 cash paid for property. B. The owner contributed a capital of R7 000000 to his business. C. Vehicles and Equipment were purchased on credit R7 000000 . D. Cash purchases of inventory R7 000000 . Balances at the end of financial year 28 February 2022 Equipment R24 000 Accumulated Depreciation R18 000. Adjustment: depreciation for previous years is R1 500 . The profit/loss for the disposed equipment is: A. Profit/loss R1050 B. Profit/loss RS2S C. Profit/loss R712.50 D. Profit/loss R787,50

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