Define Indirect Cost
Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.
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Write a short note on the main working areas of the Finance department?
What are Arrears? And what are the conditions to make Arrears?
An account in financial reporting that increases the book value of a liability account. An adjunct account is a valuable account from which cred
Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
A security that starts as an instrument similar to as check, in which a customer asks the bank to pay the designated amount to a payee in the future. The bank accepts the order, becoming responsible for payment, because the customer has the money to back the check, an
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
The operating level at which the total sales revenue equals the total cost. Total sale revenue is equal to the price per unit times the number of units sold. Total cost equals total variable cost, the number of units sold in time the variable cost per unit and the tot
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