Question 1
Which statement correctly expresses the accounting equation used in Junior Certificate bookkeeping?
Correct Answer:
Assets = Capital + Liabilities
Question 2
Zanele Traders has assets of E45 000 and liabilities of E12 000. What is the capital?
Correct Answer:
E33 000
Question 3
Furniture E8 000, cash E1 000, rent prepaid E1 500, and a bank overdraft E2 000 are recorded. What is capital?
Correct Answer:
E8 500
Question 4
The owner withdraws E1 500 from the bank for personal use. What is the effect on the accounting equation?
Correct Answer:
Assets decrease and capital decreases
Question 5
A business sells furniture that cost E10 000 for cash E10 000 (no profit or loss). What is the net effect on capital?
Correct Answer:
Capital is unchanged
Question 1
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Prepare with the JC Bookkeeping 520 Practice Questions - Eswatini Junior Certificate - Bookkeeping and Accounts (Subject Code 520) Exam practice quiz. This question bank includes 100 questions covering credit, cash, bank, account, and recorded. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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

This practice set contains 100 questions from the matching question bank and focuses on credit, cash, bank, account, and recorded. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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