Question: I need the correct answer to this general accounting problem using the standard accounting approach. If the liabilities of a business increased by RM75,000 and

I need the correct answer to this general accounting problem using the standard accounting approach.

If the liabilities of a business increased by RM75,000 and the owner's equity decreased by RM30,000 during the same period, what must have happened to the assets? a) Decreased RM105,000 b) Increased RM45,000 c) Increased RM30,000 d) Decreased RM45,000

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