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IB11 06970611/2RP UCLES 2011 Turn over A business paid 10 000 for waste disposal in the year. The opening prepayment was 1500 and the closing accrual was 2000. Purchases 80 000 mark up trade receivables turnover 50 days Sales are all on credit and accrue evenly over the year. By what amount will the net assets of the company increase 1 000 000 17 An extract from Bumble Ltd s balance sheet shows the following. This has caused the proprietor to make a large reduction in the valuation of the...

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