A shop sells bicycles and tricycles. In total there are 7 cycles (cycles include both bicycles and tricycles) and 19 wheels. Determine how many of each there are, if a bicycle has two wheels and a tricycle has three wheels.
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The basic purpose of branch accounting is to ascertain the branch income, branch expenses, branch assets and branch liabilities. The branch accounts help the H.O. to decide whether a particular branch is earning profits and should be continued.
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