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1 . 2 . Trading stock is regarded as a revenue asset. Fast and Furious Cars, a motor dealer purchases a motor vehicle in November
Trading stock is regarded as a revenue asset. Fast and Furious Cars, a motor dealer purchases a motor vehicle in November for Rnet of VAT and sells it in March for Rnet of VAT Required: Show the effect of the transaction above for Fast and Furious Cars
Trading stock is regarded as a revenue asset. Fast and Furious Cars, a motor dealer purchases a motor vehicle in November for Rnet of VAT and sells it in March for Rnet of VAT
Required:
Show the effect of the transaction above for Fast and Furious Cars
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