A business both buys loose tools and also makes some itself. The following data is available concerning

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A business both buys loose tools and also makes some itself. The following data is available concerning the years ended 31 December 2010, 2011 and 2012.

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You are to draw up the Loose Tools Account for the three years, showing the amount transferred as an expense in each year to the Manufacturing Account.

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Frank Woods Business Accounting

ISBN: 9780273759287

12th Edition

Authors: Frank Wood. Sangster, Alan

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