Question: Assume that in Question 3 you had also been told that cars without the inclusion of free services are typically sold by other sales outlets

Assume that in Question 3 you had also been told that cars without the inclusion of free services are typically sold by other sales outlets for €40,000.
Required:
Re-do the entries for the sale and the servicing. (Ignore interest as the timing of the servicing is not given and the amounts are modest.) Justify your answer.

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a Redo entries for sale and servicing Independent contracts Combined contracts Sale of car 40000 ... View full answer

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