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.
What are Arrears? And what are the conditions to make Arrears?
Why you want to be an accountant? Normal 0 false
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
How have you observed the regulations which affect both your industry and your accounting place?
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
Write down a short note on the Allocating resources in decision making process?
The rights of each partner: Under the Partnership Act, partners have the right to: Share equally in profits and losses; Indemnity; Interest on advances; Interest on capital; Share in management of
Activity-Based Costing: It is a cost accounting process that measures the cost and performance of process related activities and cost objects. It assigns cost to cost objects, like products or customers, based on their utilization of
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.
Describe Provisional Entries?
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