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Lifts usually have signs indicating their maximum capacity. Consider a sign in a lift that reads “maximum capacity 1400kg or 20 persons”. Suppose that the weights of lift-users are
X purchased a machinery on instalment system for rs.27300 to be paid as follows. on delivery rs.8000, at the end of first year rs.7600, at the end of second years.6000, at the end
Problems and solutions in marginal costing
Problems 15. An art professor was interested in seeing what size group is best to prime the pump so to speak to encourage strangers to gather together in front of various exhibi
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Explain the term “Trial Balance” and its needs for an organization. Ans. A Trial Balance is a statement of summarization of the all the involved ledgers accounts at the end of th
a business was started on January 1, 2011 and $1000 of supplies to use in the business. At the end of the month 25% of the supplies remains unpaid and 20% are still on hand. what a
Traditional cost accounting has been based on allocating a subjective or calculated range of indirect expenses to direct costs. Activity Based Costing (ABC) offers an alternative a
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