Define Full Cost
Full Cost: The sum of all costs needed by a cost object comprising the costs of activities executed by other entities in spite of of funding sources.
What do you mean by the term reaping the benefits of IT? Explain n brief?
How to make a VAT entry in books including set off?
An account in financial reporting that increases the book value of a liability account. An adjunct account is a valuable account from which cred
Describe the status of partnership from an accounting point of view? Answer: From an accounting point of view, partnership is a separate business entity. From legal
Liability of partners: A) Under contract law: Liability is joint only (collectively); The creditor has only one right of action (except in NSW, where liability is now joint and several).
Briefly list out the main users of the accounting information which are related to the business?
Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
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The final payment in a partially amortized loan. The balloon payment repay the entire remaining principal and is usually larger than previous payments on the loan. Loan that is set up with balloon payments allow the borrower to make the purchase and have a lower payme
What find out the size of this loss? The size of the deadweight loss is based on the elasticity of supply and demand. As the elasticity of demand increases and the elasticity of supply decreases, that means as sup
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