(a) Why is it an error to record the acquisition of a non current asset on credit...
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(a) Why is it an error to record the acquisition of a non current asset on credit terms in the Purchases Day Book?
(b) Acquired from Electroplastics Ltd, on credit terms, a photocopying machine for £80,000 and software such as toners and ribbons for £2,400. Show the prime entry for this transaction.
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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