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Generally Accepted Accounting Principles (GAAP) -Rules, conventions and procedures essential to define accepted accounting practice at a specific time. The highest level of such principles are set by FINANCIAL ACCOUNTING STANDARDS BOARD (FASB).
Cash is the other form of fund although in a narrow sense, this refers to a supply which can be drawn upon as per to the need. Here the term cash involves both cash and cash equiva
WORKED EXAMPLES OF EXPECTED CASH COLLECTIONS PATTERNS
Describe briefly the possible causes of: (i) the material usage variance, (ii) the labour rate variance, (iii) the sales volume profit variance.
Series Arithmetic Mean Standard Deviation Small-company stocks 15.9 % 32.8 % Large-company
Cost sheet is a declaration of cost for a product for given period of time.
Contract Accounts It is a separate account such is maintained and opened for every contract undertaken for the reasons of accumulating cots. Every contract is given a number
prepare an overhead analysis sheet
Requirements of Uniform Costing 1. Uniform costing systems must process the given features as: 2. Cost reports and statements should be organized and laid out in a same for
what is the meaning or definition of cost objective?
what is labour
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