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ACC213: Introduction to Income Tax in Singapore Illustrate the journal entries for the two following transactions of ZXC: Received a Debit Note from a GST-registered

ACC213: Introduction to Income Tax in Singapore

Illustrate the journal entries for the two following transactions of ZXC: Received a Debit Note from a GST-registered business for goods rejected amounting to $8,000. Issued a Credit Note to replace the above-mentioned Debit Note for the same amount.

(5 marks)

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