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

A business sells furniture that cost E10 000 for cash E10 000 (no profit or loss). What is the net effect on capital?

Capital increases by E10 000 Capital decreases by E10 000 Capital is unchanged Capital increases by E20 000

Correct Answer:

Capital is unchanged

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