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A rental agreement, effective 1 April 2021, stipulates that the rental expense of R4 500 increases annually with 8% on 1 April. At financial year-end,

A rental agreement, effective 1 April 2021, stipulates that the rental expense of R4 500 increases annually with 8% on 1 April. At financial year-end, 31 March 2023, the rental balance reported in the general ledger amounted to R63 568.80

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