Calls in Arrears
What are the various Calls in Arrears? Describe it.
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Calls in Arrears: Assume that, you issue shares of $ 5,00,000 and out of this you encompass to get $ 1,00,000 in the form of final call. $ 20,000 is not acquired on its due date. That $ 20,000 will be calls in arrears. This is the asset of company and it should be deducted from called up capital for computing net paid up capital that is shown in liability side of balance sheet. Such call in arrears might be of managers, directors or other shareholders.
Cost Avoidance: The action taken to decrease future costs, like replacing parts before they fail and cause harm to other portions. Cost avoidance might incur higher (or extra) costs in the short run however the final or life-cycle cost would be lower.
Unit Cost: The cost of a chosen unit of a good or service. Illustrations comprise dollar cost perton, machine hour, labor hour, and department hour.
Briefly define how useful is the management accounting information is?
Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
Write a brief note on the things which Strengths comprises?
A) A partnership may be formed either expressly or impliedly, and in each case all the circumstances should be examined in order to ascertain: The intention of the parties; Whether there has been a
Managerial Cost Accounting System: The organization and processes, whether automated or not, and whether portion of the general ledger or stand-alone, which accumulates and reports constant and trustworthy cost information and perform
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.
Choose the right answer from following. Which one did not contribute to the large Federal budget deficits in the year of 2002 and 2003? A) spending on the wars in Afghanistan and Iraq. B) low interest rates. C) Federal tax cuts. D) the recession of 2001 and its afterm
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