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Step 6: Unadjusted Balances - Changes in Equity Statement

The Exhibit below shows the entry for O1 taken from the Worksheet for the Statement of Changes in Equity in M1. The entry for transaction O1, initial provision of capital by the Owners, or revenue are inflows of equity funds so they are entries with positive signs in the worksheet. By contrary an entry such as an expense which is an outflow of equity funds, will have a negative sign in the worksheet for the same statement.



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