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A head office sends goods to a branch at cost of R 25 000. The branch records this transaction in its journal as follows:
General Journal of Branch
debit credit
Inventories from Head office 2000
Head office account 2000
Problem 1: This indicates that the system used is a:
a. Centralised system
b. Decentralised system
c. None of the options
d. Centralised and decentralised system
Financial Statement Analysis and Preparation
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Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
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Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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