Karen has not kept accurate accounting records during the financial year. She had opening inventory of $9,500
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Karen has not kept accurate accounting records during the financial year. She had opening inventory of $9,500 and purchased goods costing $100,000 during the year. At the year end, she had $8,000 left in inventory. All sales are made at a markup on cost of 30%.
Related Book For
Auditing Assurance Services and Ethics in Australia an Integrated Approach
ISBN: 978-1442539365
9th edition
Authors: Alvin A Arens, Peter J. Best, Greg Shailer, Brenton Fiedler
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