Define Support Costs
Support Costs: Costs of activities are not directly related with the production. Typical illustrations are the costs of automation support, postage, communications, process engineering, and purchasing.
Describe the status of partnership from an accounting point of view? Answer: From an accounting point of view, partnership is a separate business entity. From legal
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
Managerial Cost Accounting System: The organization and processes, whether automated or not, and whether portion of the general ledger or stand-alone, which accumulates and reports constant and trustworthy cost information and perform
Write down a short note on determining costs and benefits in decision making process?
What is the various information that a manager need to make a decision?
Write a short note on Not-for-profit organizations?
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Job Order Costing: A technique of cost accounting which accrued costs for individual jobs or lots. A job might be a service or manufactured item, like the repair of tools or the treatment of a patient in the hospital.
A partnership is stated as ‘the relationship which subsists among persons carrying on business in common with a view togain or profit’
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