Ascertain the unknowns in the accounting equation Find the unknowns for Racer Ltd given the following information:

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$m $m Assets 1 July 2021 600 Assets 30 June 2022 ?

Liabilities 1 July 2021 ? Liabilities 30 June 2022 300 Share capital 1 July 2021 180 Share capital 30 June 2022 190 Retained profits 1 July 2021 200 Retained profits 30 June 2022 ?

Revenues for the year 950 Expenses for the year 800 Dividends 50

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Fundamentals Of Accounting And Financial Management

ISBN: 9780170454797

8th Edition

Authors: Professor Ken Trotman, Kerry Humphreys

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Question Posted: Jul 26, 2024 10:00 AM

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Ascertain the unknowns in the accounting equation Find the unknowns for Racer Ltd given the following information:

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Fundamentals Of Accounting And Financial Management

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