The firm purchased 100,000 TL of commercial goods including VAT. In return, firm gave 50,000 TL in

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The firm purchased 100,000 TL of commercial goods including VAT. In return, firm gave 50,000 TL in cash and 20,000 TL in check, and promissed to pay the remaining within 5 months. How do accounts change in the journal entry of this transaction?

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Shigleys Mechanical Engineering Design

ISBN: 978-1121345317

9th edition

Authors: Richard G. Budynas, J. Keith Nisbett

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Posted Date: Mar 29, 2022 06:22 AM

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The firm purchased 100,000 TL of commercial goods including VAT. In return, firm gave 50,000 TL in

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In this transaction the firm is purchasing 100000 TL worth of commercial goods and the payment is ma... View the full answer

Shigleys Mechanical Engineering Design

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