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Benefites of Management accounting information
To obtain this benefit, businesses have become more 'customer driven' (which is, concerned with satisfying customer needs). This has led to management accounting information which provides details of customers and market, like customer evaluation of services provided and market share. Additionally, information about costs and profits of rival businesses that can be used as 'benchmarks' by which to gauge competitiveness, is gathered and reported.
dividend received rs 100was posted to debit to dividend account. the rectification entry n will be what?
The range of accounting can be presented in a diagrammatic form. Data collection and creation is the area that provides raw material for accounting. The data collecte
In accounting we create a distinction between business and the owner. All the records are maintained from the viewpoint of the business, quite than from that of the owner. An enter
Q. Show Effects of transaction? A prepaid insurance, asset, increases (debited) and cash, decreases (credited), asset by USD 2400. The debit is to Prepaid Insurance relatively
Q. What is Posting reference column? This column demonstrates the account number of the debited or credited account. For example in Exhibit 8 the number 100 in the first entry
what is account
Management accountants may or mayn't be CPAs. If a management accountant passes an examination prepared and graded by the Institute of Certified Management Accountants (ICMA) and m
Why it is important for independent auditor to be a member of a professional body?
Q. Explain about Long-term assets? Long-term assets are assets that a business has on hand or else uses for a relatively long time. Examples include plant, property and equipme
Q. Learning objectives of current ratio? - Analyze the transactions by examining source documents. - Journalize the transactions in the journal. - Post the journal entrie
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