=+New cases cost 20/- each; they are charged out to customers at 24/- each and credited on
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=+New cases cost 20/- each; they are charged out to customers at 24/-
each and credited on return at 18/- each. They are valued for stocktaking at 15/-each.
Show the accounts in the books of the company for the year 1962 to record the above transactions, and the balances of cases, in quantities and value, at 31st December, 1962. Give a statement reconciling the profit or loss on the cases "service" for the year.
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