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Principles of Accounts Question. Transaction--Stock was no longer usable, $350 worth is to be written off. What is the effect on working capital and the effect on net profit?

Principles of Accounts Question. Transaction--Stock was no longer usable, $350 worth is to be written off. What is the effect on working capital and the effect on net profit?
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Principles of Accounts Question. Transaction--Stock was no longer usable, $350 worth is to be written off. What is the effect on working capital and the effect on net profit?

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User Canned Man
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Net Profit receives accounts receivable movement across the accounting sheet and vice versa for the capital
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User Oleksandr Avoiants
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