O-LevelAccountingThe fundamentals of accounting7707/11 · Oct/Nov 2018 · Q21 Mark
A trader invested $4000 into the business. $2000 was used to pay a credit supplier. The rest of the money was paid into the business bank account. What changes would take place within the accounting equation?
A-$2000 -$4000 +$2000
B+$2000 +$2000 no effect
C+$2000 +$4000 -$2000
D+$4000 +$4000 no effect
✓ Correct answer
A: -$2000 -$4000 +$2000
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill The fundamentals of accounting and see which topics are most likely to come up next.
Sign up free →