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The grouping of accounts means the classification of data from: |
Assets, Liabilities and Capital Assets, Capital, Liabilities, Revenue and Expenses Assets, Owner's Equity, Revenue and Expenses Revenue, Expenses and Liabilities |
Assets, Capital, Liabilities, Revenue and Expenses |
The correct answer is Option (2) - Assets, Capital, Liabilities, Revenue and Expenses Assets = Liabilities + Capital + (Revenues – Expenses). |
