Credit Paurchases
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Answer / abdullah amer
credit Paurchases is called the goods that purechase
without paying the money and issued a cheque in favories
of the dealer from were we buy the goods.
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To purchase A/c Dr Rs.1200.00
By Ram A/c Rs.1200
( The Journal entry for the credit purchase)
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selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
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