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IB11 06970612/FP UCLES 2011 Turn over Accountants prefer the commercial reality of a transaction to a strictly legal approach. Current ratio quick acid test ratio decreases increases no effect purchases 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 250 000 1 000 000 An extract from Bumble Ltd s balance sheet shows the following. Overheads under-recovered 68 000 84 000 27 What do...

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