The following data was available for Hyde Ltd: It is company policy to transfer goods from the

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The following data was available for Hyde Ltd:image text in transcribed

It is company policy to transfer goods from the manufacturing account to the statement of comprehensive income at cost plus 25%.
The provision for unrealised profit on unsold inventory as at 1 January 2010 amounted to £2,500.
Produce the ledger account for provision for unrealised profit on unsold inventory.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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