Example (3); A firm purchased merchandise inventory for 8.000 TL, fixtures for 10.000 TL and...

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Accounting

Example (3); A firm purchased merchandise inventory for 8.000 TL, fixtures for 10.000 TL and imported incentive construction goods for 15.000 TL in March while it's domestic sales reached 20.000 TL. Only VAT is paid and collected in cash and the rest is on account. Construction is completed in September not complying duration of construction to be finalized

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