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Fakari had the following asset at the ending of the year 2013 having started the business at the beginning of the same year. Ksh.000 Account payable 15,800 equipment 46,000 motor vehicles 25,160 Account receivable 23,080 cash at bank 29,120 cash in hand 160,000 during that financial year the following transaction took place. bought extra equipment on credit for Ksh 5,520,000 bought extra inventory by cheque Ksh 2,280,000 paid creditors by cheque Ksh 3,160,000 received payment from debtors Ksh 3,360,000 by cheque and Ksh 240 by cash prepare a statement of financial position
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Ask questio. You have been appointed the accountant of a new organisation that is preparing its first set of financial statements. In determining the depreciation for the first yea
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