On 25 June 2022 F Stool withdrew inventory for private use at a cost of $825 ($750

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On 25 June 2022 F Stool withdrew inventory for private use at a cost of $825 ($750 + $75 GST). On 29 June

$1000 was taken by F Stool from the business bank account for private use. Prepare the necessary journals where perpetual inventory applies and then where periodic inventory applies.

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Accounting An Introduction To Principles And Practice

ISBN: 9780170403832

9th Edition

Authors: Edward A. Clarke, Michael Wilson

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Question Posted: Feb 23, 2024 03:01 PM

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On 25 June 2022 F Stool withdrew inventory for private use at a cost of $825 ($750

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Journal Entries Perpetual vs Periodic Inventory Perpetual Inventory Date Description Account Debited ...View the full answer

Accounting An Introduction To Principles And Practice

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