Goods bought for resale at the end of the 1983 accounting year cost £2300 including VAT. The invoice for these goods remained outstanding at the Balance Sheet date and the goods were included in closing stock . The effect of the purchase on net current assets (i.e., current assets less current liabilities) is as follows:

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Goods bought for resale at the end of the 1983 accounting year cost 2300 including VAT. The

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Financial Accounting And Reporting An Introduction

Goods bought for resale at the end of the 1983 accounting year cost 2300 including VAT. The

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Step by Step Answer:

Financial Accounting And Reporting An Introduction

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