#accounting

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Anonymous
Mar 30

1. What is the cost of sales amount for the year ended 28 February 20.4? 2. Which amount represents the gross profit figure for the year ended 28 February 20.4?

Inventory    R600 000 Purchases   R350 000 Sales          R450 000 Purchase returns  R1200 Sales returns     R2000 Freight charges on purchase  R650 Freight charges on sales  R1300 Settlement discount received  R235 Settlement discount granted   R350 A physical inventory count on 28 February 20.4 indicated that inventory on hand amounted to R540 000. The periodic inventory system is in use.

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Anonymous
Mar 25

What are current assets in accounting?

What is current assets in accounting?

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Anonymous
Mar 25

What type of account is accumulated depreciation?

What type of account is accumulated depreciation?

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