Define Opportunity Cost
Opportunity Cost: The value of the substitutes foregone by approving a particular strategy or utilizing resources in a particular manner. Al so termed as Alternative Cost or Economic Cost.
Variable Cost: A cost which differs with changes in the level of an activity, whenever the other factors are held constant. The cost of material treating to an activity, for illustration, differs according to the number of material de
Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
Partnership deed: Partnership deed is a written agreement including the terms and conditions agreed by all the Partners.
What are the various Calls in Arrears? Describe it.
Cost Object (also referred to as Cost Objective): It is an activity, item, or output whose cost is to be computed. In a wide sense, a cost object can be an organizational division, task, a function, product, service, or a customer.
What do you mean by the term SWOT analysis? Explain in brief?
Write a short note on the relationship between risk and return?
What are Aging of Accounts? Briefly illustrate it.
Cost Finding: Cost finding methods generate cost data by analytical or sampling techniques. Cost finding methods are suitable for certain type of costs, like indirect costs, items with costs underneath set thresholds in the programs,
What do you mean by the term Comparability which is accounting information?
18,76,764
1958804 Asked
3,689
Active Tutors
1428703
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!