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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 R during the
financial year. This was fully paid for via the companys bank account. R was
consumed during the year and another R was considered to have defects
which were nonrepairable 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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