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Question 1 ( 0 5 ) 1 . 1 . Choose the correct answer from those given. Write the letter only. E . G .
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Choose the correct answer from those given. Write the letter only. EG C
The first document on which a transaction is recorded
A Cash Receipts Journal
B Cash Payments Journal
C Source document
D General ledger
The cost of buying the products that are sold to customers
A Cost of sales
B Selling price
C Mark up
D Trading stock
A business that sells goods or stock in small quantities directly to customers.
A Service business
B Manufacturing business
C Wholesale business
D Trading business
Define the following concepts
Assets
Inoame
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