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An advance of Rs 10000/- is received from customer.
pass necessary journal entries
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Answer Posted / harendra
cash A/c ---------- Dr. 10,000
To Advance A/c 10,000
(Being cash Advance received from customer)
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selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
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