Assume that in Question 3 you had also been told that cars without the inclusion of free
Question:
Assume that in Question 3 you had also been told that cars without the inclusion of free services are typically sold by other sales outlets for €40,000. Required: Re-do the entries for the sale and the servicing. (Ignore interest as the timing of the servicing is not given and the amounts are modest.) Justify your answer.
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a Redo entries for sale and servicing Independent contracts Combined contracts Sale of car 40000 Sal...View the full answer
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Hemstone Ouma
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