The opening balance on a machinery account is debit $48 000. The closing balance is debit $40

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The opening balance on a machinery account is debit $48 000. The closing balance is debit $40 000. There were no purchases or sales of machinery during the year. What is the cause of the difference in the two balances?

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Cambridge International As And A Level Accounting Revision Guide

ISBN: 9781444192001

1st Edition

Authors: Ian Harrison, Michael Hillman

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Question Posted: Aug 28, 2023 12:16 PM

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The opening balance on a machinery account is debit $48 000. The closing balance is debit $40

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Cambridge International As And A Level Accounting Revision Guide

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