Aging of Accounts
What are Aging of Accounts? Briefly illustrate it.
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Aging of Accounts: Aging of accounts is the method to categorize accounts according to billing or due date. In this categorization, we get the idea to whom, we have to get first and to whom, we have to reimburse first.
Write some main features of partnership? Answer: Essential elements or major features of Partnership are as follows: A) Two or m
Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
Standard Costing: A costing technique which joins costs to cost objects based on reasonable approximations or cost studies and by the means of budgeted rates instead of according to actual costs incurred. The predictable cost of gener
What do you mean by the term provision of management accounting information?
Outcome: The outcomes of a program activity as compared to its intended aims. Program outcomes might be computed in terms of service or product quality and quantity, customer satisfaction, and usefulness.
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under gantt's bonus plan, no bonus is payable to the worker if is effeciency is less than how much?
Estimated Cost: The procedure of projecting a future outcome in terms of cost, based on information accessible at the time. The estimated costs, instead of actual costs, are at times the basis for credits to work-in-process accounts a
Explain the term bank reconciliation statement?
Describe the provision of 'Indian partnership Act 1932‘concerning sharing of profits in lack of any provision in partnership deed. Answer: In the lack of any p
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