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Mr. Ali started a business in May 2020. Initially, he intended to contribute RM30,000 cash to start the business. However, he only managed to invest

Mr. Ali started a business in May 2020. Initially, he intended to contribute RM30,000 cash to start the business. However, he only managed to invest RM5,000 in cash and his personal furniture worth RM7,000 into the business. What are the effects of these transactions on the accounting equation?

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