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.
A partnership is stated as ‘the relationship which subsists among persons carrying on business in common with a view togain or profit’
An account in financial reporting that increases the book value of a liability account. An adjunct account is a valuable account from which cred
Write down a short note on the Performance evaluation and control in decision making process?
What do you mean by the term key performance indicators or KPI? Explain in brief?
Responsibility Segment: A noteworthy organizational, functional, operational, or process component that has the characteristics as: (i) Its manager reports to the entity's top management;
describe how costs can be classified giving examples in each classification. explain how the different cost classifications can assist management in decision making
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
What do you mean by the term SWOT analysis? Explain in brief?
Briefly illustrate the general role of accounting?
Explain the term fixed capital of partners? Answer: Partners' capital is state to be fixed if the capital of Partners remains unchanged except in the situation where
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