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The information provided below was extracted from the accounting records of Harmony Limited on 31 December 2020: (a) Plant and equipment was purchased but there
The information provided below was extracted from the accounting records of Harmony Limited on 31 December 2020:
(a) Plant and equipment was purchased but there was no disposal.
(b) The number of ordinary shares in issue was 930 000.
(c) All purchases and sales of inventory were on credit.
(d) Credit terms to debtors are 30 days. Debtors took approximately 28 days to settle their accounts during 2019.
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