From the following particulars calculate B.E.P and P/V ratio
Fixed Expenses 1,50,000
Variable cost per unit 10
Selling price per unit 15
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1. A firm buys stock for $100 by cheque and intends to sell it for $200, so the double entry should be a) Debit bank $100 and credit stock $ 100 b) Credit bank $ 200 and debit stock $ 200 c) Debit purchases $100 and credit sales $ 200 d) Debit purchases $ 100 and credit bank $ 100
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