Exam (elaborations)
FAC 1503 EXAM PACK TEST PREP (A Guaranteed)
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QUESTION 1 (18 marks) (22 minutes) You are provided with the following transactions for My-Shop Traders, using the periodic inventory system. My-Shop Traders is not registered as a VAT vendor. 1. Sold goods on account to Mandi Thibadira for R4 400. 2. Mandi Thibadira returned damaged goods wort...
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