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Net International bought packing materials to the value of R 1 0 , 0 0 0 during the 2 0 2 2 financial year. This

Net International bought packing materials to the value of R10,000 during the 2022
financial year. This was fully paid for via the companys bank account. R6,000 was
consumed during the year and another R2,000 was considered to have defects
which were non-repairable with no right of return to the supplier. The companys
policy is to record unused consumables at year end as inventory. What should the
closing year end journal entry be?

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