Traditional Economy:
In traditional economy, the fundamental problems are resolved by traditions and custom rules every aspect of behavior. It generates exactly to its consumption needs. It is a subsistence economy. There is not much of vending as there is only small scale production. The similar product will be generated by every generation. The production methods are traditional.
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The major difficulty in drying out a transformer is not drying the oil- this is fairly easily done through passing it two times or three times by an appropriate filter- it is the removal of moisture absorbed through the windings.
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The key purpose of IAS 10 is to clarify while financial statements should be adjusted for events that occur after the reporting period (or accounting period).
If the 1st phase, say R or A phase starts at slot number 1, the Y or B phase have to be start at 1200/300 = 4 slots away that is, in slot (1 + 4 = ) 5, and the B or C phase should begin at (5 + 4 =) 9.
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