Various methods-function of management accounting
Write down the various methods which are employed to discharge the function of management accounting?
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i) Budgetary Control
ii) Marginal Costing
iii) Uniform Costing
iv) Standard Costing
Give a short introduction of the term “Marginal Costing”? And also write down its attributes and the basic suppositions made by Marginal Costing?
Give a brief introduction of the term ‘Perpetual inventory system’?
Write down the effects of ‘under stocking’?
According to Income Tax Act, 1961what technique of depreciation calculation is employed to evaluate the tax liability?
The following information is taken from the financial statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had a cost of $400,000
Give a brief introduction of the term Convention of Materiality?
Briefly state what install.ksh and imprep.ksh files mainly do?
As per Companies Act and Income Tax Act compare Depreciation?
Give a brief introduction of the term Minimum level of inventory levels?
Give a brief introduction of the term capital market?
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