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The following information has been extracted from the accounts of Selim Traders Ltd: 6. What conclusion do you draw? (a) Buying prices have increased, but

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The following information has been extracted from the accounts of Selim Traders Ltd: 6. What conclusion do you draw? (a) Buying prices have increased, but selling prices have not (b) Expenses have increased greatly (c) Closing inventories have increased greatly (d) None of the above 4 Marks 7. Current assets are (a) cash or near cash or are held for sale or consumption in the normal course of business

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