Easy and Simple explanation of the Accounting equation at a basic level. Examples are included.

1. BY
AADILLA
DHODA
201410389

3. DO
WELL?
NO!!!!

5. •
•

6. Assets
Owners equity
Liabilities

12. 
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14. Let me show
you an

15. 1 Jan
2017
Vehicle Bank + 20 000
- 20 000 *
0 0
5 Jan
2017
Trading Stock Bank + 50 000
- 50 000 *
0 0

19.  

21. Take a look
at the

22. 1 Jan
2017
Bank/cash Loan: Absa
Bank
+ 100 000 0 + 100 000*

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27. • • •
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28.  

30. Let me show
you an

31. 1 Jan
2017
Bank/cash Capital + 100 000 + 100 000 0*
*

32.  

34. Take a look
at the

35. 1 Jan
2017
Drawings Bank/Cash -10 000 -10 000 0*
*

36. 
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38. Let me show
you an

39. 1 Jan
2017
Bank/Cash Sales + 5 000 + 5 000 0*
5 Jan
2017
Bank/Cash Rent
income
+ 7 500 + 7 500 0*
*

40.  

42. Take a look
at the

43. 1 Jan
2017
Stationery Bank/Cash - 5 000 - 5 000 0*
5 Jan
2017
Water and
Electricity
Bank/Cash - 6 120 - 6 120 0*
*

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