JC Bookkeeping 520 Practice Questions - Eswatini Junior Certificate - Bookkeeping And Accounts (Subject Code 520) Exam

The owner withdraws E1 500 from the bank for personal use. What is the effect on the accounting equation?

Assets decrease and capital decreases Assets decrease and liabilities decrease Assets increase and capital increases No effect on assets or capital

Correct Answer:

Assets decrease and capital decreases

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