The following data is available for Bellwood Ltd: It is company policy to transfer goods from the

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The following data is available for Bellwood Ltd: image text in transcribed

It is company policy to transfer goods from the manufacturing account to the statement of comprehensive income at cost plus 20%.
Produce the ledger account for provision for unrealised profit on unsold inventory.

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Frank Woods Business Accounting Basics

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Authors: Frank Wood, Mr David Horner

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Question Posted: Mar 09, 2024 06:02 AM

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The following data is available for Bellwood Ltd: It is company policy to transfer goods from the

Question:

Inventory of finished goods as at 1 January 2006 Inventory of finished goods as at 31 December 2006 5,250 7,500

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2006 Provision for unrealised pr...View the full answer

Frank Woods Business Accounting Basics

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