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Define the Management or Managerial Accounting System.
Ans. As the name suggest management or managerial accounting system refers to the Management of the firm or company, the most latest development in the field of Accounting is the Management Accounting, mainly it serves the Management of the company or organization, all the reports generated under Management Accounting system are purely usage of Management only. Manager can make much decision on basis of these prepared reports for future of the organization in order to yield most of profits.
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A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
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The High Company Balance Sheet Assignment (to be completed using Microsoft Excel) -Create T accounts for each transaction #1-10 -Create a trial balance -Create Income Statement -
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