Advantages of having conceptual framework
Write down the advantages of having conceptual framework.
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The major advantage of the conceptual framework is which it clarifies conceptual underpinnings of the accounting standards and permits standard setters to expand accounting standards on the consistent basis. It as well aids preparers, auditors as well as users of financial statements to comprehend the approach to standard setting, and the nature and function of financial information reported.
Give a small introduction of the term ‘Merrick Differential Piece Rate System’?
Why is Bank Reconciliation Statement made?
Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% Firm is proposing to buy the new plant that could generate extra annual profit of Rs. 10,000. The fixed cost of new plant is expected to Rs. 4000. New plant would increase sales volume by Rs. 40,00
Illustrate the place where the primary field of the MVG stored?
Product cost $250 and income on the sale of the product is $625 what is the percentage of my cost
What are the points while choosing your university?
Give a brief introduction of the term Fixation of inventory levels?
Give a brief introduction of the term Danger level of inventory levels?
Give a brief introduction of the term Deferred Revenue Expenditure?
Describe briefly the term Adjustment entries?
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