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Question 1 Fill in the following table with appropriate changes of either an increment or a reduction in Assets, Liabilities, Owner's Equity, Revenues or Expenses.

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Question 1 Fill in the following table with appropriate changes of either an increment or a reduction in Assets, Liabilities, Owner's Equity, Revenues or Expenses. REVENUE EXPENSE (Increase) ASSETS LIABILITY OWNER'S EQUITY Example: (Reduce) Paid rent by cash a) Sold goods on credit to Peter b) Received a loan from HSBC bank c) Repair machine and paid by cash d) Owner brought in his van for business use e) Took out money from the bank for personal use

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