A sole trader borrows $10,000 from the bank. Which elements of the accounting equation will change due to this transaction?Question 6Answera.Assets onlyb.Capital and liabilitiesc.Assets and capitald.Assets and liabilities

A sole trader is $5,000 overdrawn at the bank and receives $1,000 from a credit customer in respect of its account. Which elements of the accounting equation will change due to this transaction?Question 6Answera.Assets onlyb.Assets, liabilities, and capitalc.Assets and liabilities onlyd.Liabilities only

A sole trader sells goods for cash for $500 which had cost of $300. Which elements of the accounting equation will change due to this transaction?Question 12Answera.Assets and capitalb.Assets onlyc.Assets and liabilitiesd.Capital and liabilities

A sole trader increases the business's number of motor vehicles by adding his own car to its fleet. Which elements of the accounting equation will change due to this transaction?Question 1Answera.Capital onlyb.Assets onlyc.Assets and liabilitiesd.Assets and capital

If the company borrows $10,000 from the bank, and uses the money to purchase a new motor vehicle costing $10,000, the net effect on the accounting equation will be: Group of answer choices 1.Assets + $10,000, Liabilities – $10,000. 2.Assets + $10,000, Liabilities + $10,000. 3.Assets + $10,000, Equity + $10,000. 4.Liabilities + $10,000, Equity + $10,000.

What would the effect on liabilities be if, during the accounting period the assets increased by R50,000, and the owner's equity increased by R10,000?Group of answer choicesA. Increased by R60,000B. Increased by R40,000C. Decreased by R40,000D. Decreased by R60,000