Question
NETECH is a retailer of computer accessories. NETECH beginning inventory is Rs.200,000 and its purchases during the year are Rs.1,400,000. Its ending inventory is Rs.100,000.
NETECH is a retailer of computer accessories. NETECH beginning inventory is Rs.200,000 and its purchases during the year are Rs.1,400,000. Its ending inventory is Rs.100,000. Make the closing entry necessary given that NETECH uses a periodic inventory system
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Financial Accounting
Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby
4th Canadian Edition
0070001499, 9780070001497
