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The following is the basic accounting equation. Determine the missing figures. Assets Liabilities Equity + A RM40,000 RM10,000 + ? B RM60,000 = ? +
The following is the basic accounting equation. Determine the missing figures. Assets Liabilities Equity + A RM40,000 RM10,000 + ? B RM60,000 = ? + RM40,000 C ? RM20,000 + RM35,000 Total assets at the end of the period were RM325,000 and liabilities were 25% of owner's equity. Determine the owner's equity at the end of the period
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