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On 1 May 20.2 Ms T Naidoo opened a supermarket under the tradename Better Traders....

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Accounting

On 1 May 20.2 Ms T Naidoo opened a supermarket under the tradename Better Traders. Better Traders is a registered VAT vendor and the VAT rate applicable is 15%. Better Traders will use the periodic inventory system and entered into the following transactions during May 20.2:
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