what are important steps to take during the conversion of
an accounting system?
Answer Posted / anil
before all the accounts taking up of the company first the last year balances has to transfer to the present year and alla the assets have to note down in assets side and liabilities have to shown in liabilities side and any outstandings of the company have to add and any payments has done deduct the amounts and if any balance is left of that year again transfer that balance to the next year
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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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