An owner can invest cash or other assets of value in the business.
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Q66: The fundamental accounting equation would remain in
Q67: An exchange of assets has no effect
Q68: Assets are things of value owned by
Q69: Double-entry accounting means that, for each transaction,
Q70: The liability created when supplies are bought
Q72: The first step in analyzing a transaction
Q73: The owner's Drawing account is listed with
Q74: Liabilities represent amounts owed to creditors.
Q75: Both sides of the fundamental accounting equation
Q76: What is the fundamental accounting equation, including
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