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Question 1 Karen recently opened a small bakery. He has consulted you to have a...

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Accounting

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Question 1 Karen recently opened a small bakery. He has consulted you to have a better grasp of the financial well-being of the business. Mark S a) Explain the relationship between the three elements of the accounting (15) equation. b) Create any ten simple and reasonable transactions that took place in the (10) from 16 July until 7" July 2021 in Kiso Bakery Sdn Bhd. c) Explain the effects of each of the ten transactions on the accounting (10) equation. d) Fill in the missing items in the ledger accounts for the ten transactions (20) identified in (d). e) Fill in the missing items in the trial balance as at 7th July 2021

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