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Q. What do you mean by Breakeven point?
Breakeven point -- the amount of revenue from sales that exactly equals the amount ofexpense. Breakeven point is generally expressed as the number of units which should be sold toproduce revenues exactly equal to expenses. Sales above breakeven point produce aprofit; below produces a loss.
Question: Part A: Briefly explain the term "depreciation" and give three reasons why do we need to provide for depreciation on fixed assets during a financial year. Part
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explain the separate set of books method for maintaining joint venture accounts
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In the process of giving information from a business to a prospective buyer, an accountant is requesting a Reconsolidation for last December. What is that?
how do i prepare a multilevel and single step income statement
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