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The information which follows, was obtained from the accounting records of Vista Traders on 29 February 2020, the end of the accounting period: Inventory on 28 February 2019 250 000 Inventory on 29 February 2020 200 000 Purchases 900 000 50 000 Carriage on purchases 10 000 Carriage on sales 1900 000 Sales Which of the following represents the cost of sales for the year ended 29 February 2020? O A. R990 000 O B. R1 000 000 O C. R1 400 000 D. R900 000

The information which follows, was obtained from the accounting records of Vista Traders on 29 February 2020, the end of the accounting period: Inventory on 28 February 2019 250 000 Inventory on 29 February 2020 200 000 Purchases 900 000 50 000 Carriage on purchases 10 000 Carriage on sales 1900 000 Sales Which of the following represents the cost of sales for the year ended 29 February 2020? O A. R990 000 O B. R1 000 000 O C. R1 400 000 D. R900 000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The information which follows, was obtained from the accounting records of Vista Traders on 29 February 2020, the end of the accounting period: FR Inventory on 28 February 2019 250 000 Inventory on 29 February 2020 200 000 Purchases 900 000 Carriage on purchases 50000 10 000 Carriage on sales 1900 000 Sales Which of the following represents the cost of sales for the year ended 29 February 2020? O A. R990 000 O B. R1 000 000 C. R1 400 000 2 D. R900 000
Transcribed Image Text:The information which follows, was obtained from the accounting records of Vista Traders on 29 February 2020, the end of the accounting period: FR Inventory on 28 February 2019 250 000 Inventory on 29 February 2020 200 000 Purchases 900 000 Carriage on purchases 50000 10 000 Carriage on sales 1900 000 Sales Which of the following represents the cost of sales for the year ended 29 February 2020? O A. R990 000 O B. R1 000 000 C. R1 400 000 2 D. R900 000
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