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QUESTION 5 2 points Save Answer A debtor returned unsatisfactory goods to the value of R1 000. The entity maintained a gross profit percentage 25%

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QUESTION 5 2 points Save Answer A debtor returned unsatisfactory goods to the value of R1 000. The entity maintained a gross profit percentage 25% on cost and uses the perpetual inventory system. What would the double entry of this transaction be? Debit Debtors allowances, R1 000 ii. Debit Cost of sales, R750 Credit Cost of sales, R800 iv. Credit Debtors control, R1 000 v. Credit Inventory, R750 Debit Inventory, R800 O i and iv. Oiii and vi. o i, iii, iv and vi. o i, ii, iv and v. vi

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