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Show with the help of the balance equation how the financial accounts of a VAT-liable company are affected by the following transactions: Purchase of a

Show with the help of the balance equation how the financial accounts of a VAT-liable company are affected by the following transactions:  Purchase of a new machine for NOK 1,200,000 (incl. VAT) on credit  Raising a new long-term loan of NOK 800,000 as part-financing of the machine purchase  Payment to machine supplier

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