Understandability-Accounting information
What do you mean by the term Understandability which is accounting information?
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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.
Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
Write down the different techniques employed to liberate the function of management accounting?
What do you mean by the term relevance which is accounting information?
Write down a short note on the Allocating resources in decision making process?
Cost Reduction: The procedure of looking for, finding and eliminating unwarranted expenses from the business to raise gains without containing a negative impact on the product quality. Most of the business managers will engage in periodic cost reducti
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 find out the size of this loss? The size of the deadweight loss is based on the elasticity of supply and demand. As the elasticity of demand increases and the elasticity of supply decreases, that means as sup
Liability of partners: A) Under contract law: Liability is joint only (collectively); The creditor has only one right of action (except in NSW, where liability is now joint and several).
Write some main features of partnership? Answer: Essential elements or major features of Partnership are as follows: A) Two or m
Partnership deed: Partnership deed is a written agreement including the terms and conditions agreed by all the Partners.
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