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Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
Briefly list out the main users of the accounting information which are related to the business?
Unit Cost: The cost of a chosen unit of a good or service. Illustrations comprise dollar cost perton, machine hour, labor hour, and department hour.
What do you mean by the term Reliability which is accounting information?
Write down the different techniques employed to liberate the function of management accounting?
What are Arrears? And what are the conditions to make Arrears?
The DU Inn The DU Inn is an 80-room hotel located on some mountaintop in Colorado. That has no bar or restaurant &is positioned as a mid-priced, good quality "homey" hotel. It is open only during
What are Aging of Accounts? Briefly illustrate it.
Partnership Accounting: A business can be a firm, a partnership, or a solitary proprietorship. The corporation is incorporated at state level. The sole proprietorship is one person in business. A partnership is two or more than two persons with an agr
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