Understandability-Accounting information
What do you mean by the term Understandability which is accounting information?
Expert
Understandability: Management accounting reports must be stated as clearly as possible and must be understood by such managers at whom the information is mainly aimed.
A partnership is stated as ‘the relationship which subsists among persons carrying on business in common with a view togain or profit’
Write down a brief note on the illustrations of unethical and unacceptable actions?
Give a brief introduction of the term ‘Management Accounting’. And also write down its objectives?
Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
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
What are Aging of Accounts? Briefly illustrate it.
What are Arrears? And what are the conditions to make Arrears?
Meaning of Reconstitution: Any alter in agreement of partnership is termed as reconstitution of partnership firm. In following circumstances a partnership firm might be reconstituted: A) Alter in Profit Sharing Rat
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
Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
18,76,764
1955047 Asked
3,689
Active Tutors
1448909
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!