What's the general entry for Prepaid salary on 31st march?
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Answer Posted / ranganath
Prepaid salary a\c dr
to Cash Account
Adjusting Entries
Salary a\c dr
to Prepaid salary account
| Is This Answer Correct ? | 8 Yes | 2 No |
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You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
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