Define Cost Accounting Practice
Cost Accounting Practice: Any disclosed or recognized accounting process or technique that is used for the measurement of cost, assignment of cost to cost objects and assignment of cost to accounting periods.
Write a brief note on the things which Threats to business comprises?
Investor Accounting: It is an individual who commits money to investment products with the hope of financial return. Usually, the primary concern of an investor is to diminish risk whereas maximizing return, as opposed to a speculator, who is willing
Write down the different techniques employed to liberate the function of management accounting?
Unfocused Books is a discount retail bookshop that has three departments: fiction, non-fiction and children’s books. Sales and cost of sales for each department are shown below. In addition, each department has its own fixed costs for staffing and takes a one-third share of rental and management cos
Expenditure that increases the dollar amount of fixed assets on the balance sheet. These outlays either increase the value of assets already owned or add additional assets. The payments increase the future benefit of an asset by extending the life of the asset, increa
How to make a VAT entry in books including set off?
Why most of the larger businesses are not managed as the single unit through one manager?
An account in financial reporting that increases the book value of a liability account. An adjunct account is a valuable account from which cred
Cost Assignment: A procedure which identifies costs with activities, outputs, or another cost objects. In a wide sense, costs can be assigned to activities, processes, products, organizational divisions, and services. There are three
Write down a short note on determining costs and benefits in decision making process?
18,76,764
1932452 Asked
3,689
Active Tutors
1451447
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!