Define Traceability
Traceability: The capability to assign a cost directly to a particular activity or cost object by identifying or observing particular resources used by the activity or cost object.
Accounts used in governmental accounting to record the budget amounts but not the actual amount. For example, at the beginning of the accounting period, the planned amount of tax revenue, revenue from license, and inflows from fines would be recorded as one amount in
Explain the term bank reconciliation statement?
An account in financial reporting that increases the book value of a liability account. An adjunct account is a valuable account from which cred
What do you mean by the term relevance which is accounting information?
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Common Cost: It is the cost of resources used jointly in the production of two or more outputs and the cost can’t be directly traced to any one of those outcomes.
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
Write a brief note on the things which Threats to business comprises?
Briefly define the term Strategic management and also state the reason why it is designed?
Why most of the larger businesses are not managed as the single unit through one manager?
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