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On 1 May 2020, Company A sold TL 600 merchandise to ABC Boutique with the terms 5/9, n/30. The cost of merchandise sold is TL
On 1 May 2020, Company A sold TL 600 merchandise to ABC Boutique with the terms 5/9, n/30. The cost of merchandise sold is TL 400.
Which of the followings are true about the journal entry of this transaction for Company A?
Merchandise Inventory on Debit side TL 400
Sales Revenue on credit side TL 600
Accounts Payable on debit side TL 570
Accounts Payable on debit side TL 600
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Internal Audit Leadership Elevating The Internal Audit Function To Accelerate Value
Authors: Patricia Kaim
1st Edition
1032557168, 978-1032557168
