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Mandla Traders financial year ends annually on 31 December. The business uses the perpetual inventory system. During the current financial year of 20.22, Mandla Traders

Mandla Traders financial year ends annually on 31 December. The business uses the perpetual inventory system. During the current financial year of 20.22, Mandla Traders had credit sales of R338 000. The company applies a 30% mark-up on selling price.

The correct recording of the transaction in the general ledger of Mandla Traders will be:

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