The equity of Pauls business belongs to him because he is the sole owner of the business.

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The equity of Paul’s business belongs to him because he is the sole owner of the business. Can you explain how the figure for equity by Thursday evening has arisen? You will need to look back at the events of Monday, Tuesday and Wednesday (pages 41 to 44) to do this.

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Accounting An Introduction

ISBN: 9780273771838

6th Edition

Authors: Atrill Peter, Eddie McLaney

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