fill in the Blanks
Recognising Revenues when cash is received is
__________basis of accounting
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The following suggestions are under consideration: (a) 10% reduction in price to yield an increase in sales volume from 6600 to 7400 units. Current unit price Rs. 1,000 Unit variable cost Rs. 500 Fixed cost Rs. 30,00,000 Prepare a statement comparing gross revenue, profit, contribution and P/V ratio of the two alternatives with present results. Which suggestion would you recommend?
fill in the Blanks Recognising revenues when goods sold on credit ________basis of accounting
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