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you paper f3 exam is based around not just multiple choice objective tasks as theyre called in other words small short for impressions work one mark or to mark each and asking generally to calculate a particular figure or explain a particular concept choose from the drop-down menu perhaps now that lends itself very much that format of the exam very very much lends itself to testing what were looking at now thing called the business equation a business equation it was its a slight variation I think weve looked at already called the accounting the business equation just takes a look at what the increase or decrease in the business has been in a period Im looking at where it came from none of the figures and you can work out for example what the capital introduced in the period was okay now its actually quite a simple thing if you think about what net assets of a business are on what might cause those net assets to increase or decrease an increase in the net assets of a business th