Accounting information helps every department in an organization and use of accounting information can be summarized as follows: Marketing/Sales Department …
There are many objectives of maintaining a financial accounting system in an organization and they can be explained as follow: Help in Management Decision …
Bond is source of finance which is obtained for more than one year period. Bonds can be traded before the maturity and bondholders are considered to be secured …
Businesses face with financial difficulties and they have to find appropriate sources of long term finances to overcome difficulties. There are many long term …
Real asset can be defined as “assets that are tangible or physical in nature such as property, plants and equipments.As an example in our bank many real …
There are 04 types of costing methods that can be identified namely Job Costing Batch Costing Contract Costing Process Costing These types of costing methods …
Cost based pricing can be done using 02 methods: Mark up method Margin method Difference between these 02 methods can be illustrated as follows Mark Up Method …
Illustration Assume that by coincidence two firms have exactly the same costs and revanue, but that M ltd uses a marginal costing approach to valuation of …
Absorption costing is a technique where the goods are valued considering full production cost of the product of the product. When pricing or valuing the stocks …
Marginal costing is a technique where the goods are valued considering only the variable cost component of the product. When pricing or valuing the stocks …