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Mr. A engages in the following transactions during the current year: CLOSING 300 BOOKS RS.8/UNIT BUY 500 BOOKS RS.8/UNIT SELL 450 BOOKS RS. 15/UNIT SEPTEMBER
Mr. A engages in the following transactions during the current year: CLOSING 300 BOOKS RS.8/UNIT BUY 500 BOOKS RS.8/UNIT SELL 450 BOOKS RS. 15/UNIT SEPTEMBER OCTOBER NOVEMBER (a) How does Mr. A account these transactions using perpetual and periodic inventory system? (b) What is the cost of goods sold in each system
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