Define Opportunity Cost
Opportunity Cost: The value of the substitutes foregone by approving a particular strategy or utilizing resources in a particular manner. Al so termed as Alternative Cost or Economic Cost.
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
Controllable Cost: A cost which can be influenced by the action of responsible manager. The word always refers to a particular manager as all costs are controllable by somebody.
What are Aging of Accounts? Briefly illustrate it.
An income statement item that represents the difference between the actual cash amount and an accounting measure of how much cash there should be. The most common example exists in a retail situation where the cash in the cash register is compared to the register tape
Normal 0 false false
describe how costs can be classified giving examples in each classification. explain how the different cost classifications can assist management in decision making
ACCOUNTING PROCESS: The process of Accounting involves the following steps: Q : VAT entry How to make a VAT entry in How to make a VAT entry in books including set off?
How to make a VAT entry in books including set off?
Write a short note on the main working areas of the Finance department?
Please let me know the cost of getting this assignment completed?
18,76,764
1946009 Asked
3,689
Active Tutors
1420169
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!