During the month of August your friend, who buys and sells cars, sold a vehicle for 7,500
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During the month of August your friend, who buys and sells cars, sold a vehicle for £7,500 that he had purchased at the beginning of the month for only £6,000. He paid cash for the car, but has not yet received the cash from the buyer. What is his financial position at the end of August?
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Related Book For
Business Accounting An Introduction To Financial And Management Accounting
ISBN: 9780230276239
2nd Edition
Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis
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