The Business for which you will be working on in this Exam using the XERO software is a retailer of electronic
appliances that commenced business on 1st March 2020. You will be recording transactions for the month of March
2020.
Use XERO to establish a business that is titled as Question 1, Student ID Number and your Name as the Business
name (e.g. Question1_1234567_Alireza_Vafaei) and record one-month inventory transactions.
The business uses the perpetual inventory system and FIFO inventory cost flow method. On 1st March the company
commenced business with the following ledger balances:
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