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.
Write a brief note on the things which Opportunities comprises?
ACCOUNTING PROCESS: The process of Accounting involves the following steps: Q : Provision of management accounting What do you mean by the term provision of management accounting information?
What do you mean by the term provision of management accounting information?
The increase in value that the owner of a capital asset receives when the asset is sold. The owner pays tax on that gain or increases, at a lower rate if the assets that are sold are capital asset, such as factory buildings, rather than assets that are sold in the nor
Identify and evaluate the strategic options in brief?
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
Accounts used in governmental accounting to record the budget amounts but not the actual amount. For example, at the beginning of the accounting period, the planned amount of tax revenue, revenue from license, and inflows from fines would be recorded as one amount in
Explain the term bank reconciliation statement?
Cost Allocation: This is a technique of assigning costs to activities, outputs, or other cost objects. The allocation base employed to assign a cost to objects is not essentially the cause of the cost. For illustration, assigning the
Write down a short note on the major tasks of board that runs the organization?
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