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Calculate margin of safety if sales is Rs 3,00,000 and B.E.P is Rs 4,50,000.

A. Rs 1,00,000

B. Rs 1,50,000

C. Amount of sales < B.E.P, therefore no margin of safety

D. None of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above