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Accrued income is an amount earned although not in reality received during the accounting period or till the date of preparation of last accounts for the period concerned. The first result of accrued income is to credit the loss and profit account and to demonstrate the similar in the assets side of the balance sheet.
Quantitative and Qualitative Information in Accounting Systems The availability of information is the lifeblood of any type of management and cost accounting system. It is vi
Alameda Service center just purchased an automobile hoist for $ 14000. The hoist has a 6 year lifeand an estimated salvage value of $1481. Installation costs were $3020, and freigh
discuss stages of accounting for costs
Features and Procedures of Job costing Features of Job costing Product is against the customer's order and not on job stocks. Every job has its own characteristics and ne
One item a computer store sells is supplied by a vendor who handles only that item. Demand for that item recently changed, and the store manager must determine when to replenish it
I''m about to take my first cost accounting class in college, Do i need algebra skills to do well on this class
Asian Ltd makes three types of gold watch - the Diva (D), the Classic (C) and the Poser (P). A traditional product costing system is used at present; although an activity based cos
how to treat an increase in output on marginal costing
The manufacturing division of an electronics company uses activity-based costing. The company has identified three activities and the related cost drivers for indirect production c
Do I use the contribution per unit and the total sales for the department in order to calculate the p/v ratio for a department
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