SANTAC is a retailer of computer accessories. SANTAC beginning inventory is Rs.1,200,000 and its purchase during the year are Rs.700,000. Its ending inventory is Rs.300,000. Make the closing entry necessary given that SANTAC uses a periodic inventory system.

SANTAC is a retailer of computer accessories. SANTAC beginning inventory is Rs.1,200,000 and its purchase during the year are Rs.700,000. Its ending inventory is Rs.300,000. Make the closing entry necessary given that SANTAC uses a periodic inventory system.

Name: SANTAC is a retailer of computer accessories. SANTAC beginning invento
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Description: SANTAC is a retailer of computer accessories. SANTAC beginning inventory is Rs.1,200,000 and its purchase during the year are Rs.700,000. Its ending inventory is Rs.300,000. Make the closing entry necessary given that SANTAC uses a periodic inventory

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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