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.
Describe the provision of 'Indian partnership Act 1932‘concerning sharing of profits in lack of any provision in partnership deed. Answer: In the lack of any p
Outcome: The outcomes of a program activity as compared to its intended aims. Program outcomes might be computed in terms of service or product quality and quantity, customer satisfaction, and usefulness.
Write some main features of partnership? Answer: Essential elements or major features of Partnership are as follows: A) Two or m
From the books of Aggarwal Bors, the following information have been extracted: Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% The firm is proposing to buy a new plant which can generate additional annual profit of Rs. 10,000. The fixed
ACCOUNTING PROCESS: The process of Accounting involves the following steps: Q : Elements of Partnership Three main Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
Q : Explain Cost or Benefit Analysis Cost Cost or Benefit Analysis: The Cost-benefit analysis (abbreviated as CBA) is an analytical device for assessing and pros and cons of moving forward with the business proposal. It is a process by which business decis
Cost or Benefit Analysis: The Cost-benefit analysis (abbreviated as CBA) is an analytical device for assessing and pros and cons of moving forward with the business proposal. It is a process by which business decis
What is the various information that a manager need to make a decision?
Briefly illustrate the general role of accounting?
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