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Which statements about marginal costing are correct?
1. The marginal cost of a product involves an allowance for fixed overheads.
2. The marginal cost of a product presents the additional cost of making one extra unit.
3. If inventory decreases throughout a period, the profits under absorption costing will be lower than under marginal costing.
A. 1 only
B. 1, 2 and 3
C. 2 only
D. 2 and 3 only
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on 1st july,2008,machinery purchased rs10,000 for cash from bhim.give journal entry and prepare ledger accounts.
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How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.
Q. Preparing a separate trial balance? As an alternative of preparing a separate trial balance as accountants uses the Trial Balance columns on a work sheet. The numbers and ti
does immaterial items have to be recorded
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