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3. a) Explain in your own wards that accounting is the language of business. (5 marks) b) Paul Limited began the year with total liabilities
3. a) Explain in your own wards that accounting is the language of business. (5 marks) b) Paul Limited began the year with total liabilities of $450,000 and total shareholders equity of S350,000. During the year, total assets increased by 20%. How much are total assets at the end of the year
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