what do you mean by Accounts payable
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Answer Posted / venky
Account Payable means a short term liability or current
liability generated in the business for purchasing goods or
rendering services on credit. It is shown on Liabilities
side of Balance sheet under heading current liabilites &
provisions.
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You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000
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