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Economics, Accounting & Business: Post your doubts here!

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there is another adjustment. purchase of machinery 8800.
That 8800 is actually the cash you paid out for machinery costing 12000. As in, out of that 12000, 3200 was settled by part exchange and remaining 8800 was only paid for machinery. So you dont have to adjust for 8800!
Therefore its just 147000 + 12000 - 4000 = 155000 - 145000 =10000.
Did you get it? I hate part exchange..god its so annoying!!!
Anyways ill be facing the paper in another 2hrs 30min :(
will let you all know :p
 
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Ahh!!It waz soooo niceee!!Jus pray dat I get A.Best of Accounting pap i hav ever given!!:):)
 
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it was lengthyyyy! i left quite a lot. :/ but what i did, i guess was correct! :D easiest paper considering past few years! (Y)
 
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