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What linked accounts are needed to set up inventory

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Pass the following journal entry

Question 1. Inventory costing $ 450 including a HST paid @ 12 % wasb sold for S 600 including HST @ 12% All entry recorded in cash.

Question 2. Define merchandise inventory. From the video explain why we categorize while setting up inventory.

Question 3. What linked accounts are needed to set up inventory

Reference no: EM132585391

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