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Write up the ledger accounts for the year ended

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Question: Goods are sold by a firm in crates, purchased at 7/6d each. Customers of the firm are charged 10/- and allowed 6/- for each crate returned within a specific period.
At Balance Sheet dates, stocks are valued at 5/- each. Write up the Ledger Accounts for the year ended 30th June, 1962, from the following information:

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Re-printed by courtesy of the Society of Incorporated Accountants (S.A.A.).

Reference no: EM131537972

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