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The adjusting entries are important to conform the following accounting principles EXCEPT time period concept matching principle revenue recognition principle money measurement concept The following
The adjusting entries are important to conform the following accounting principles EXCEPT time period concept matching principle revenue recognition principle money measurement concept The following statements referring to profit determination by using comparison method EXCEPT Different between net assets ending and net assets beginning is due to profit or loss Different between capital beginning and capital ending is due to profit or loss Capital ending is capital beginning plus profit only O Net profit - Capital Ending - Capital Begin + Drawings - Additional Capital Given the following information: Accounts Receivable (1/9/2019) is RM13,230, Accounts Receivable (30/9/2019) is RM14,257, Sales Return during the month is RM303, Sales Discount during the month is RM345, Cash Sales for September 2019 is RM31,561 and Payment from Accounts Receivable during the month is RM42,149. Required: Determine the amount of sales for the month of September 2019. * O RM75,400 O RM75,040 O RM75,385 RM75,583
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