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3. Mr. Ahmed purchased a machinery from UK last year by paying RO. 12500. Due to some unforeseen events, the delivery of machines got delayed

3. Mr. Ahmed purchased a machinery from UK last year by paying RO. 12500. Due to some unforeseen events, the delivery of machines got delayed till last month. By the time the vendor increased the price of machinery from RO 12,500 to RO 15,000 due to high demand. Mr. Ahmed now asked his accountants to record RO 15000 in the books of account as the cost of the machinery

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