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.
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Write down the scope of Management accounting?
Briefly define the term Strategic management and also state the reason why it is designed?
Job Costing: It is an order-specific costing method, utilized in situations where each job is distinct and is executed to the customer's specifications. Job costing includes keeping an account of direct and in-direct costs. Q : VAT entry How to make a VAT entry in How to make a VAT entry in books including set off?
How to make a VAT entry in books including set off?
under gantt's bonus plan, no bonus is payable to the worker if is effeciency is less than how much?
What do you understand by the terms partners, firm and firms name? Answer: The persons who have entered into a Partnership with each other are individually termed 'P
Explain the term bank reconciliation statement?
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
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