Aging of Accounts
What are Aging of Accounts? Briefly illustrate it.
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Aging of Accounts: Aging of accounts is the method to categorize accounts according to billing or due date. In this categorization, we get the idea to whom, we have to get first and to whom, we have to reimburse first.
Write down a short note on the developing objectives and plans in decision making process?
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What do you mean by the term Comparability which is accounting information?
Job Costing: It is an order-specific costing method, utilized in situations where each job is distinct and is executed to the customer's specifications. Job costing includes keeping an account of direct and in-direct costs. Q : Capital account on credit and debit side List the items that might appear on the debit side and credit side of a partner's fluctuating capital account. Answer: On debit side: Drawing, interest on drawing, c
List the items that might appear on the debit side and credit side of a partner's fluctuating capital account. Answer: On debit side: Drawing, interest on drawing, c
Write a short note on why wealth creation is a longer-term concept?
Fixed Cost: The cost which does not differ in the short term with the volume of action. Fixed cost information is helpful for cost savings by regulating existing capacity, or by removing idle facilities. Also termed as Non-Variable Cost or the Constan
Write a brief note on the things which Weaknesses comprises?
Full Cost: The sum of all costs needed by a cost object comprising the costs of activities executed by other entities in spite of of funding sources.
Meaning of Reconstitution: Any alter in agreement of partnership is termed as reconstitution of partnership firm. In following circumstances a partnership firm might be reconstituted: A) Alter in Profit Sharing Rat
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