Define Budget Manual
Give a short introduction of the term ‘Budget Manual’?
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Budget Manual is a document which standardized techniques and processes necessitated in relative to budgetary control. It as well sets out the liability of persons engaged in the procedure. A budget manual must consist of the following particulars which are illustrated below: - Responsibilities and Duties of the diverse executives - Organization plan - Duties of budget committee and budget office - Budget centre codes and Accounts codes - Budget figures
Conspicuous Consumption: It is the phenomena of spending money on services and goods which are not required but keeping them gives you a high social status. Those things are kept mainly for the purpose of displaying and creating a false image of your
Psychological Health: The employees have noted in their survey feedbacks that their peer relations are based on trust and are healthy. But the nature of work is such that they see lot of suffering. Their interaction with clients at times is not health
Define the term Cash in accountancy?
Describe how country may run an overall balance of payments deficit or surplus.
Discuss how to compute overall balance and explain some of its significance.
What do you mean by the Gresham’s Law?
State the Historical Cost of Liabilities?
The following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
It is extremely difficult in order to forecast future exchange rates more precisely as compared to forward exchange rate or to the current spot exchange rate, as per the researchers. How these findings can be interpreted?
It is, normally, not possible to fully remove both the translation exposure and transaction exposure. In some cases, eradication of one exposure will also eliminate the other. However in other cases, removal of one exposure really creates the other.
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