functions
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
Describe Provisional Entries?
Assignment 1: A adjusted Trial balance table given below: Southwest Business School Q : Define Avoidable Cost Avoidable Cost : Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
Cost Accounting Practice: Any disclosed or recognized accounting process or technique that is used for the measurement of cost, assignment of cost to cost objects and assignment of cost to accounting periods.
What do you understand by the terms partners, firm and firms name? Answer: The persons who have entered into a Partnership with each other are individually termed 'P
Operating Budgets: It is a financial document which aids a business in making significant decisions regarding its actions. An operating budget does not contain instant impact on the actual state of the business and exhibits only future projections. Bu
What are the possible broad regions of decision making process where management accounting information is required?
Give circumstances in which the fixed capital of partners might change. Answer: Two circumstances in which the fixed capital of Partners might change are as follows:
From the books of Aggarwal Bors, the following information have been extracted: Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% The firm is proposing to buy a new plant which can generate additional annual profit of Rs. 10,000. The fixed
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