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Moving to the next question prevents changes to this answer. Question 1 Owner withdrew AED10,000 from the business for his personal use. The effect of

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Moving to the next question prevents changes to this answer. Question 1 Owner withdrew AED10,000 from the business for his personal use. The effect of this transaction on the accounting e Assets will decrease amounting AED10,000, and owner's equity will increase with the same amount. Assets will decrease amounting AED10,000, and also liabilities will decrease with the same amount Assets will decrease amounting AED10,000, and also owner's equity will decrease with the same amou No effect on assets, liabilities, or equity by the above transaction. nount. A Moving to the next question prevents changes to this answer. MacBook Air

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