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ledger entry for outstanding salaries
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Answer Posted / dd verma
SALARY A/C DR
TO SALARY PAYABLE A/C
| Is This Answer Correct ? | 1 Yes | 6 No |
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A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.
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