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The industrial revolution in England presented a challenge to the development of accounting like a tool of industrial management. Costing techniques were urbanized as guides to management actions. The rising awareness on the branch of entrepreneurs and industrial managers for utilizing scientific concepts of management in the wake of scientific management movement guided to the advance of cost accounting. Cost accounting is related along with the application of costing principles, techniques and methods for ascertaining the costs along with a view to controlling them and assessing the efficiency and profitability of the enterprise.
Q. Explain about Gross margin method? The steps in computing ending inventory under the gross margin method are - Estimate gross margin based on net sales using the similar
WHAT DO YOU MEAN BY CUM- INTEREST PRICE
Define Accounting. Briefly explain the accounting concepts which guide the accountant at the recording stage.
Q. Common deductions from gross sales? Generally sales are for cash or on account when a sale is for cash the debit is to Cash and the credit is to Sales. While a sale is on ac
Part 1: Students should consult with appropriate personnel in order to undertake an assessment of the client’s financial needs. Students must undertake an interview / consultation
1. Carmen Santiago works for a number of businesses as a “consultant.” She has helped design accounting systems, provided accounting services, and analyzed the financial s
base-case NPV
Q. Preparing a separate trial balance? As an alternative of preparing a separate trial balance as accountants uses the Trial Balance columns on a work sheet. The numbers and ti
AL MASA a sole trader,decided to install a new machine to use
transactions can be even directly entered to the ledger elaborate and explain why journal is necessary
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