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QUESTION THREE A perpetual inventory system is implemented at TRADERS (Pty) Ltd. The balance carried forward for the financial period amounted to R13 000 .

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QUESTION THREE A perpetual inventory system is implemented at TRADERS (Pty) Ltd. The balance carried forward for the financial period amounted to R13 000 . The total purchases amounted to R20 000 with sales of R18 500. Management considers changing to a periodic inventory system and requested an explanation from you on how the transaction recording would be affected

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