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question 2C The conceptual framework states that there are two concepts of capital. Explain these two concepts, 2d) Hargie limited commenced business on 1 January
question 2C The conceptual framework states that there are two concepts of capital. Explain these two concepts,
2d)
Hargie limited commenced business on 1 January 2019 with a single item of inventory costing 120,000. During the year it sold the item for 180,000 in cash. Overall inflation was 10% but item specific inflation was 12%. Calculate the profit on the basis of each concept of capital maintenance and show the effect on the Equity of the company,
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