Scope of Management accounting
Write down the scope of Management accounting?
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i) Financial Accounting
ii) Cost Accounting
iii) Revaluation accounting
iv) Control Accounting
v) Marginal Costing
vi) Budgetary Control
vii) Financial Planning and
viii) Break Even Analysis
ix) Decision accounting:
x) Reporting
xi) Taxation
xii) Audit
Write down the purposes of making Cost Accounting?
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
Give a brief introduction of the term Net Profit?
Give a brief introduction of the term ‘Convention of Consistency’?
What are the advantages and disadvantages of money measurement assumption?
Write down the provisions of purchase back of shares as said by Companies Act, 1956?
Describe the Pre defined Queries? Briefly state the definition.
Briefly explain the purpose of cost accounting.
Write down the major characteristics of financial accounting?
Write down the various causes through which bin card and stores ledger are not getting reconciled?
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