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. Exercise 8 Fill in the blanks: 1. Cost of Goods 2.Income - Expenses = Beginning Inventory + Purchases - 3. are assets which are

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. Exercise 8 Fill in the blanks: 1. Cost of Goods 2.Income - Expenses = Beginning Inventory + Purchases - 3. are assets which are purchased for permanent use in the business 4. Opening W.L.P + Factory cost - Closing W.L.P = 5. Accumulated Depreciation is considered as Asset in nature Exercise 9

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