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Note: - All the sales were on credit. - Company tax is calculated at 30 of the pre-tax profit. - Current assets include accounts receivable

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Note: - All the sales were on credit. - Company tax is calculated at \30 of the pre-tax profit. - Current assets include accounts receivable of R1 680000 and inventories of R750000. - The issued share capital of the company consisted of 100000 ordinary shares

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