Kindly answer this question...
Dear Student,
Here is your answer,
NOTE: AS IN THE QUESTION, NEW RATIO IS NOT GIVEN, THEREFORE OLD RATIO WILL BE THE SACRIFICING RATIO.
ALTER WAY: YOU CAN ALSO ADD O/S SALARY IN THE O/S EXPENSE IN THE LIABILITY SIDE OF BALANCE SHEET.(Both way correct)
Here is your answer,
NOTE: AS IN THE QUESTION, NEW RATIO IS NOT GIVEN, THEREFORE OLD RATIO WILL BE THE SACRIFICING RATIO.
ALTER WAY: YOU CAN ALSO ADD O/S SALARY IN THE O/S EXPENSE IN THE LIABILITY SIDE OF BALANCE SHEET.(Both way correct)