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(b) Lotus Berhad began its operations on 1 January 2020 with RM500,000 of cash invested into the business. During the year, the company earned profit,
(b) Lotus Berhad began its operations on 1 January 2020 with RM500,000 of cash invested into the business.
During the year, the company earned profit, RM10O,000 and invested additional cash into the business amounting to RM40,000.In your opinion, does Lotus Berhad comply with the capital maintenance concept as at 31 December 2020? Why?
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Management And Cost Accounting
Authors: Colin Drury
5th Edition
1861525362, 978-1861525369
