6. The – TheWorksheets.CoM – Page 2

6. The accounting cycle - The Homeschool Hub

Part 2: Introduction to accounting www.ezlearn.co.za 71 Question 2 Accounting equation (12 marks, 6 minutes) Show the effect of the following transactions on the accounting equation (the business uses a mark-up of 200%): 2.1. R75 000 is contributed to a new business by its owner. 2.2. A loan is received from Nedbank, R10 000. 2.3.