What are the golder rules of Accounts ?
Answer Posted / dpbiswal
RULE 1 : Debit the Receiver, Credit the Giver.
RULE 2 : Debit what comes in, Credit whatgoes out.
RULE 3 : Debit all expenses & losses,
Credit all incomes & gains.
Is This Answer Correct ? | 379 Yes | 15 No |
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What is Direct Debit
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
Suppose the production is more and sales less then what will happen
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