What are Arrears
What are Arrears? And what are the conditions to make Arrears?
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Arrears: When any payment or debt is not paid on its due date, this becomes arrears. There are numbers of expenses and other payments that are not paid on due date and such become payment in arrears. Payment made at the end of a period is as well arrears.
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Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
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Common Data Source: All of the programmatic and financial information available for the cost, budgetary, and financial accounting processes. This comprises all financial and much non-financial data, like environmental data, which are
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
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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.
Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.
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