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On 8 August 2023, Africa Traders bought filing cabinets to the value of R160 00...
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On 8 August 2023, Africa Traders bought filing cabinets to the value of R160 000 from SA Dealers. Africa Traders paid a deposit of R30 000 cash and R130 000 was charged to its account. Africa Traders is not a registered VAT vendor.
Which account will be debited, and which account will be credited in the general ledger of Africa Traders?
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