What valuation would you include in the financial statements for the following items of stock: (i) Ten

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What valuation would you include in the financial statements for the following items of stock: (i) Ten printers were purchased for £4200 list price less a trade discount of 4 per cent. Deliv very costs amounted to £85. The invoice was paid early to obtain an early payment discount of 2 per cent. (ii) Due toa change in health and safety legislation, electrical toys purchased at a cost of £500 each now need to have Seche: made at a cost of £75 ) per toy before they can be sold at a discount market for an estimated £550 each.

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Accounting A Systems Approach

ISBN: 9781861520371

1st Edition

Authors: Alison Warman, Jeff Davies

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