Review the impact on the financial statement at the end

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Problem 1: The financial accounting system has now been tested without any errors. Therefore, the corporate management has decided to convert the system into the production operation. As a first order/request you should pay the new tool supplier Burgmeister Zubehör. In order to do that, you will create the cost element tool expenses. Subsequently, you will receive an invoice for more than 3000€ from Burgmeister Zubehör which has to be settled. You will review the impact on the financial statement at the end.

Reference no: EM132823778

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