The information is the same as in the previous activity. You have 200 that you use to
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The information is the same as in the previous activity. You have £200 that you use to buy a computer. You advertise the computer, which costs £10, and sell it for £300. You have no other business transactions. This time, the buyer is not able to pay you straight away, so you give him one month’s credit. Calculate your cash position and profit now:
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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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