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On 31 Dec X8 Boo dispatched goods which cost £80 000 to Goose at an invoiced cost of £100, 000. Goose received the goods on 2 Jan 20X9 and recorded the transaction then.
One of the intragroup balances is to debit payables and credit receivables with £100000, the credit of rec was done but the debiting of the payables in the CSOFP seems to have been ignored.
Why is that?
Thanks in advance
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