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ABC Analysis:
ABC that is Always Better Control analysis is an application of the principle of 'Management by Exception' to the field of inventory control. If we seem at the inventory mix of a firm, this would constitute of hundreds of items. Mainly of these items would be cheap and the frequency of their utilization would be less. The left items would be costly, more frequently employed and account for huge proportion of firm's investment in inventories.
This would be a costly and cumbersome act to adopt a general policy and determination of economic order quantity and reorder point for management of each that item of inventory. In such technique all the items of inventory are categorized in three categories that are: A, B and C depends on the usage rate, rupee value and criticality of the item.
What kinds of business ownership exist? Particular form of business ownership has significant implications for accounting purposes and so it's useful to be clear about the main
We have discussed the computation of the future value in the previous sections; here let us work the process in opposite. Let us assume you have won a lottery ticket worth Rs. 1000
Suppose Real Option Inc. has a product that generates the following cash flow. At t=1, the demand can be high or low with equal probability. If demand is high (low) the cash flo
Establish a budget and allocate funds in accordance with statutory and organisational requirements
Creation An express trust is "created not by facts and circumstances, but by the express words of the settlor". (Fitzgerald v Stewart) It may be created in the following ways:
Q. What is Capital Gain? Capital Gain - Portion of total GAIN recognized on the sale or exchange of a no inventoryasset that isn't taxed as ORDINARY INCOME. Capital gains have
Q. What is Recapitalization? Recapitalization - An internal reorganization of a corporation including a rearrangement of capital structure by changing the kind of stock or numb
CONSOLIDATED CASHFLOW STATEMENTS (IAS 7) The basic cash flow statement has been covered under Financial Accounting II. The following introduction will serve as a quick reminder.
How does ordinary shares and preference shares included in the account
Motivation is said to be an internal state that energises an individual to engage in certain types of behaviours. This process is triggered when the individual experiences certain
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