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QUESTION 1 Which of the following correctly sets out the accounting equation? Select one answer. a)Net assets = Capital Profit - Drawings b)Net assets =

QUESTION 1 Which of the following correctly sets out the accounting equation? Select one answer. a)Net assets = Capital Profit - Drawings b)Net assets = Capital Profit + Drawings c)Net assets = Capital + Profit + Drawings d)Net assets = Capital + Profit - Drawings

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