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Africa Traders is in the business of selling second-hand motor vehicles. Africa Traders is not a registered VAT vendor and makes use of the periodic
Africa Traders is in the business of selling second-hand motor vehicles. Africa Traders is not a registered VAT vendor and makes use of the periodic inventory system. On 28 February 2023, Africa Traders sold on credit a motor vehicle valued at R45 000 to Mrs. A South. What will the effect be of the above transaction in the accounting equation of Africa Traders
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