• to show the impact of the various transactions on the fundamental equation of accounting
  • NOT required to record the transactions as journal entries with debits and credits
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You just have to show the impact of the various transactions on the fundamental equation of accounting You are NOT required to record the transactions as journal entries with debits and credits ???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

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