Question: 1, What is the monetary unit assumption? What impact does inflation have on the monetary unit assumption? 2, What items affect owner's equity? 3, 13.

1, What is the monetary unit assumption? What impact does inflation have on the monetary unit assumption?

2, What items affect owner's equity?

3, 1, What is the monetary unit assumption? What impact does inflation have

13. Which of the following items are liabilities of Design Jewellery Stores? (a) Cash (f) Equipment (b) Accounts payable (g) Salaries payable (C) Drawings (h) Service revenue (d) Accounts receivable (i) Rent expense (e) Supplies 14. Can a business enter into a transaction in which only the left side of the basic accounting equation is affected? If so, give an example

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