Is there a difference between accounting for conversion of bonds and accounting for the conversion of preferred stock?
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The following figures have been extracted from Katerina’s books of account for the month of April 2010: $ Sales 460 000 Total variable costs 299 000 Total fixed costs 90 000 Profit 71 000 (d) Calculate the sales in dollars necessary to make a profit of $100 000.
Please let me have the detailed answer about journal entry in tally and difference between sales and journal entry.
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