Woodlands (Pty) Ltd is a manufacturer that specialises in unique hand-crafted modern chandeliers, fumiture, and home accessories
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Question:
REQUIRED:
2.1) State the transaction date of the sale to the customer based in the United States. Provide reasons to support your answer.
(2 marks)
2.2) Prepare the general journal entries to account for the sales transaction in the accounting records of Woodlands (Pty) Ltd for the 31 December 2023 and 31 December 2024 financial year ends to comply with the International Financial Reporting Standards.
Clearly indicate the journal date per journal transaction.
Ignore taxation.
Round amounts to the nearest Rand.
Journal narrations are not required.
(15 marks)
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