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.
How have you observed the regulations which affect both your industry and your accounting place?
Write a brief note on the things which Opportunities comprises?
An account used in a partnership to record an individual partner's investment in the partnership plus the indi- vidual's share of any undistributed partnership income. In a corpo- ration, the equity sections have two parts: the contributed capital and retained earning
Write a short note on the relationship between risk and return?
Partnership: Whenever two or more persons enter into an agreement to take on business and share its gain and losses, it is a condition of partnership. It can also define as: "Partnership is the relation among persons and who have granted to share the
Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
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
Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.
What are the possible broad regions of decision making process where management accounting information is required?
A) A partnership may be formed either expressly or impliedly, and in each case all the circumstances should be examined in order to ascertain: The intention of the parties; Whether there has been a
18,76,764
1933636 Asked
3,689
Active Tutors
1413345
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!